Flexible models for overdispersed and underdispersed count data

Dexter Cahoy (), Elvira Di Nardo () and Federico Polito ()
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Dexter Cahoy: University of Houston-Downtown
Elvira Di Nardo: University of Torino
Federico Polito: University of Torino

Statistical Papers, 2021, vol. 62, issue 6, No 18, 2969-2990

Abstract: Abstract Within the framework of probability models for overdispersed count data, we propose the generalized fractional Poisson distribution (gfPd), which is a natural generalization of the fractional Poisson distribution (fPd), and the standard Poisson distribution. We derive some properties of gfPd and more specifically we study moments, limiting behavior and other features of fPd. The skewness suggests that fPd can be left-skewed, right-skewed or symmetric; this makes the model flexible and appealing in practice. We apply the model to real big count data and estimate the model parameters using maximum likelihood. Then, we turn to the very general class of weighted Poisson distributions (WPD’s) to allow both overdispersion and underdispersion. Similarly to Kemp’s generalized hypergeometric probability distribution, which is based on hypergeometric functions, we analyze a class of WPD’s related to a generalization of Mittag–Leffler functions. The proposed class of distributions includes the well-known COM-Poisson and the hyper-Poisson models. We characterize conditions on the parameters allowing for overdispersion and underdispersion, and analyze two special cases of interest which have not yet appeared in the literature.

Keywords: Left-skewed; Big count data; Underdispersion; overdispersion; COM-Poisson; Hyper-Poisson; Weighted Poisson; Fractional Poisson distribution (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (2)

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DOI: 10.1007/s00362-021-01222-7

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