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Journal Cover International Journal of Advanced Statistics and Probability
   [3 followers]  Follow    
  This is an Open Access Journal Open Access journal
     ISSN (Print) 2307-9045 - ISSN (Online) 2307-9045
     Published by Science Publishing Corporation Homepage  [12 journals]
  • The Transmuted Inverse Exponential Distribution

    • Authors: Pelumi Oguntunde, Olusola Adejumo
      Pages: 1 - 7
      Abstract: This article introduces a two-parameter probability model which represents another generalization of the Inverse Exponential distribution by using the quadratic rank transmuted map. The proposed model is named Transmuted Inverse Exponential (TIE) distribution and its statistical properties are systematically studied. We provide explicit expressions for its moments, moment generating function, quantile function, reliability function and hazard function. We estimate the parameters of the TIE distribution using the method of maximum likelihood estimation (MLE). The hazard function of the model has an inverted bathtub shape and we propose the usefulness of the TIE distribution in modeling breast cancer and bladder cancer data sets.
      PubDate: 2014-12-12
      Issue No: Vol. 3, No. 1 (2014)
  • Determining the optimum confidence interval based on the hybrid Monte
           Carlo method and its application in financial calculations

    • Authors: Kianoush Fathi Vajargah
      Pages: 8 - 14
      Abstract: The accuracy of Monte Carlo and quasi-Monte Carlo methods decreases in problems of high dimensions. Therefore, the objective of this study was to present an optimum method to increase the accuracy of the answer. As the problem gets larger, the resulting accuracy will be higher. In this respect, this study combined the two previous methods, QMC and MC, and presented a hybrid method with efficiency higher than that of those two methods.
      PubDate: 2014-12-15
      Issue No: Vol. 3, No. 1 (2014)
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