Dynamic Information Volatility Function
Liu (2007) discussed a new measure, known as the information volatility function to study the variability of the uncertainty contained in a probability distribution. In the present paper, we extend this concept to the residual random variable, a dynamic information volatility function and study its...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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University of Bologna
2021-01-01
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| Series: | Statistica |
| Subjects: | |
| Online Access: | https://rivista-statistica.unibo.it/article/view/8748 |
| _version_ | 1818576734638833664 |
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| author | Rajesh Ganapathi Sreenarayanapurath Madhavan Sunoj Paduthol Godan Sankaran |
| author_facet | Rajesh Ganapathi Sreenarayanapurath Madhavan Sunoj Paduthol Godan Sankaran |
| author_sort | Rajesh Ganapathi |
| collection | DOAJ |
| description | Liu (2007) discussed a new measure, known as the information volatility function to study the variability of the uncertainty contained in a probability distribution. In the present paper, we extend this concept to the residual random variable, a dynamic information volatility function and study its usefulness in reliability modelling. Different ageing and characterization properties of dynamic information volatility function are also derived. |
| first_indexed | 2024-12-16T06:18:44Z |
| format | Article |
| id | doaj.art-0fa57511bbc145ea8045cfcee020501c |
| institution | Directory Open Access Journal |
| issn | 0390-590X 1973-2201 |
| language | English |
| last_indexed | 2024-12-16T06:18:44Z |
| publishDate | 2021-01-01 |
| publisher | University of Bologna |
| record_format | Article |
| series | Statistica |
| spelling | doaj.art-0fa57511bbc145ea8045cfcee020501c2022-12-21T22:41:12ZengUniversity of BolognaStatistica0390-590X1973-22012021-01-0180323324310.6092/issn.1973-2201/87487397Dynamic Information Volatility FunctionRajesh Ganapathi0Sreenarayanapurath Madhavan Sunoj1https://orcid.org/0000-0002-6227-1506Paduthol Godan Sankaran2Cochin University of Science and TechnologyCochin University of Science and TechnologyCochin University of Science and TechnologyLiu (2007) discussed a new measure, known as the information volatility function to study the variability of the uncertainty contained in a probability distribution. In the present paper, we extend this concept to the residual random variable, a dynamic information volatility function and study its usefulness in reliability modelling. Different ageing and characterization properties of dynamic information volatility function are also derived.https://rivista-statistica.unibo.it/article/view/8748shannon entropyinformation volatityreliability measuresstochastic orderscharacterization |
| spellingShingle | Rajesh Ganapathi Sreenarayanapurath Madhavan Sunoj Paduthol Godan Sankaran Dynamic Information Volatility Function Statistica shannon entropy information volatity reliability measures stochastic orders characterization |
| title | Dynamic Information Volatility Function |
| title_full | Dynamic Information Volatility Function |
| title_fullStr | Dynamic Information Volatility Function |
| title_full_unstemmed | Dynamic Information Volatility Function |
| title_short | Dynamic Information Volatility Function |
| title_sort | dynamic information volatility function |
| topic | shannon entropy information volatity reliability measures stochastic orders characterization |
| url | https://rivista-statistica.unibo.it/article/view/8748 |
| work_keys_str_mv | AT rajeshganapathi dynamicinformationvolatilityfunction AT sreenarayanapurathmadhavansunoj dynamicinformationvolatilityfunction AT padutholgodansankaran dynamicinformationvolatilityfunction |