Poisson Lindley process and its main properties

Ji Hwan Cha

Statistics & Probability Letters, 2019, vol. 152, issue C, 74-81

Abstract: Until now, the nonhomogeneous Poisson process has been intensively applied in various practical applications due to its merits. However, at the same time, it has also critical limitations in applications. To overcome these limitations, a new counting process model (called Poisson Lindley Process) is developed. It will be shown that this new counting process model does not have such limitations. Some basic stochastic properties are derived. In addition, a new concept for positive dependent increments is defined and the dependence structure is analyzed. Some of the properties obtained in this paper will be stated in general forms. One of the important contributions of this paper is to provide a new counting process model which allows explicit expression of the likelihood function.

Keywords: Stochastic processes; Poisson Lindley process; Stochastic properties; Positive dependence; Compound Poisson Lindley process (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (2)

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DOI: 10.1016/j.spl.2019.04.008

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