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- W2996035120 abstract "In this article, the Normal Inverse Gaussian Distribution model (NIGDM) is extended to a new Extended Normal Inverse Gaussian Distribution (ENIGDM) and its derivate models find many applications. The author proposes a new model ENIGDM, which generalizes the models of normal inverse Gaussian distribution. This class of ENIGDM is to approximate an unknown risk-neutral density. The paper discusses different properties of the ENIGDM. In particular, the applicability of this new general model with five parameters is well justified by more results which represent mixtures of inverse Gaussian distributions. Then a discussion is begun of the potential of the normal inverse Gaussian distribution and Levy’s process for modeling and analyzing statistical data, with a particular reference to extensive sets of observations and applications in wide varieties." @default.
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- W2996035120 date "2019-12-10" @default.
- W2996035120 modified "2023-10-16" @default.
- W2996035120 title "On Extended Normal Inverse Gaussian Distribution: Theory, Methodology, Properties and Applications" @default.
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- W2996035120 doi "https://doi.org/10.12691/ajams-7-6-4" @default.
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