Modeling Proportion Data with Inflation by Using a Power-Skew-Normal/Logit Mixture Model

Guillermo Martínez-Flórez, Hector W. Gomez and Roger Tovar-Falón
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Guillermo Martínez-Flórez: Departamento de Matemáticas y Estadística, Facultad de Ciencias Básicas, Universidad de Córdoba, Montería 230002, Colombia
Hector W. Gomez: Departamento de Matemáticas, Facultad de Ciencias Básicas, Universidad de Antofagasta, Antofagasta 1240000, Chile
Roger Tovar-Falón: Departamento de Matemáticas y Estadística, Facultad de Ciencias Básicas, Universidad de Córdoba, Montería 230002, Colombia

Mathematics, 2021, vol. 9, issue 16, 1-20

Abstract: Rate or proportion data are modeled by using a regression model. The considered regression model can be used for studying phenomena with a response on the (0, 1), [0, 1), (0, 1], or [0, 1] intervals. To connect the response variable with the linear predictor in the regression model, we use a logit link function, which guarantees that the obtained prediction ranges between zero and one in the cases inflated at zero or one (or both). The model is complemented with the assumption that the errors follow a power-skew-normal distribution, resulting in a very flexible model, and with a non-singular information matrix, constituting an advantage over other existing models in the literature. To explain the probability of point mass at the values zero and/or one (inflated part), we used a polytomic logistic model with covariates. The results of two illustrations showed that the proposed model is a better alternative compared to widely known models in the literature.

Keywords: power-skew-normal distribution; unit power-skew-normal distribution; censorship; linear regression mixture model; maximum likelihood estimation (search for similar items in EconPapers)
JEL-codes: C (search for similar items in EconPapers)
Date: 2021
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