Truncated Family of Distributions with Applications to Time and Cost to Start a Business

Ayman Alzaatreh, Mohammad A. Aljarrah, Michael Smithson, Saman Hanif Shahbaz, Muhammad Qaiser Shahbaz, Felix Famoye and Carl Lee ()
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Ayman Alzaatreh: American University of Sharjah
Mohammad A. Aljarrah: Tafila Technical University
Michael Smithson: The Australian National University
Saman Hanif Shahbaz: King Abdulaziz University
Muhammad Qaiser Shahbaz: King Abdulaziz University
Felix Famoye: Central Michigan University
Carl Lee: Central Michigan University

Methodology and Computing in Applied Probability, 2021, vol. 23, issue 1, 5-27

Abstract: Abstract The time and cost to start a business are highly related to the degree of transparency of business information, which strongly impacts the loss due to illicit financial flows. In order to study the distributional characteristics of time and cost to start a business, we introduce right-truncated and left-truncated T-X families of distributions. These families are used to construct new generalized families of continuous distributions. Relationships between the families are investigated. Real data sets including time and cost to start a business are analyzed and the results show that the truncated families perform very well for fitting highly skewed data.

Keywords: Distribution shape; Generalized distributions; Quantile function; Transparency; 60E05; 62E15 (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1007/s11009-020-09801-1

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