Analysis of cryptocurrency exchange rates vs USA dollars using a new Dagum model
This paper offers the introduction of a new updated form of the Dagum distribution. The new updated form of the Dagum model is called a novel generalized-Dagum distribution. The proposed novel generalized-Dagum distribution is a prominent updated form of the Dagum model with a single additional/extr...
| Main Authors: | , , , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2023-02-01
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| Series: | Alexandria Engineering Journal |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S1110016822005774 |
| _version_ | 1797961141415051264 |
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| author | Yongjing Wang Zubair Ahmad Faridoon Khan Dalia Kamal Alnagar Hassan Alsuhabi Ibrahim Alkhairy M. Yusuf |
| author_facet | Yongjing Wang Zubair Ahmad Faridoon Khan Dalia Kamal Alnagar Hassan Alsuhabi Ibrahim Alkhairy M. Yusuf |
| author_sort | Yongjing Wang |
| collection | DOAJ |
| description | This paper offers the introduction of a new updated form of the Dagum distribution. The new updated form of the Dagum model is called a novel generalized-Dagum distribution. The proposed novel generalized-Dagum distribution is a prominent updated form of the Dagum model with a single additional/extra parameter. The novel generalized-Dagum model is produced by mixing the Dagum distribution with the novel generalized-M distributions approach. The heavy-tailed properties of the novel generalized-Dagum model are obtained. The derivation of the estimators and a simulation study of the novel generalized-Dagum distribution are also provided. Finally, the novel generalized-Dagum model is illustrated by analyzing two real-life data sets related to the financial sector. The first data set represents the Bitcoin exchange rates vs the United States dollars. Whereas, the second data set represents the Ethereum exchange rates vs the United States dollars. Using the Bitcoin and Ethereum exchange rates data sets, the fitting power of the novel generalized-Dagum model is compared with the transmuted Dagum distribution and a new modified Dagum distribution. |
| first_indexed | 2024-04-11T00:54:44Z |
| format | Article |
| id | doaj.art-bb29863bda9842178ba40f32d48b41ea |
| institution | Directory Open Access Journal |
| issn | 1110-0168 |
| language | English |
| last_indexed | 2024-04-11T00:54:44Z |
| publishDate | 2023-02-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Alexandria Engineering Journal |
| spelling | doaj.art-bb29863bda9842178ba40f32d48b41ea2023-01-05T06:46:10ZengElsevierAlexandria Engineering Journal1110-01682023-02-0164645658Analysis of cryptocurrency exchange rates vs USA dollars using a new Dagum modelYongjing Wang0Zubair Ahmad1Faridoon Khan2Dalia Kamal Alnagar3Hassan Alsuhabi4Ibrahim Alkhairy5M. Yusuf6School of Law, Wuhan University, Wuhan, Hubei Province, ChinaDepartment of Statistics, Quaid-i-Azam University, Islamabad, 45320, PakistanPIDE School of Economics, Islamabad 44000, PakistanDepartment of statistics, Faculty of science, University of Tabuk, Tabuk, Saudi ArabiaDepartment of Mathematics, Al-Qunfudah University College, Umm Al-Qura University, Mecca, Saudi Arabia; Corresponding author.Department of Mathematics, Al-Qunfudah University College, Umm Al-Qura University, Mecca, Saudi ArabiaDepartment of Mathmematics, Faculty of Science, Helwan University, Cairo, EgyptThis paper offers the introduction of a new updated form of the Dagum distribution. The new updated form of the Dagum model is called a novel generalized-Dagum distribution. The proposed novel generalized-Dagum distribution is a prominent updated form of the Dagum model with a single additional/extra parameter. The novel generalized-Dagum model is produced by mixing the Dagum distribution with the novel generalized-M distributions approach. The heavy-tailed properties of the novel generalized-Dagum model are obtained. The derivation of the estimators and a simulation study of the novel generalized-Dagum distribution are also provided. Finally, the novel generalized-Dagum model is illustrated by analyzing two real-life data sets related to the financial sector. The first data set represents the Bitcoin exchange rates vs the United States dollars. Whereas, the second data set represents the Ethereum exchange rates vs the United States dollars. Using the Bitcoin and Ethereum exchange rates data sets, the fitting power of the novel generalized-Dagum model is compared with the transmuted Dagum distribution and a new modified Dagum distribution.http://www.sciencedirect.com/science/article/pii/S1110016822005774Dagum distributionHeay-tailed characteristicsBitcoin exchange ratesEthereum exchange ratesStatistical modeling. |
| spellingShingle | Yongjing Wang Zubair Ahmad Faridoon Khan Dalia Kamal Alnagar Hassan Alsuhabi Ibrahim Alkhairy M. Yusuf Analysis of cryptocurrency exchange rates vs USA dollars using a new Dagum model Alexandria Engineering Journal Dagum distribution Heay-tailed characteristics Bitcoin exchange rates Ethereum exchange rates Statistical modeling. |
| title | Analysis of cryptocurrency exchange rates vs USA dollars using a new Dagum model |
| title_full | Analysis of cryptocurrency exchange rates vs USA dollars using a new Dagum model |
| title_fullStr | Analysis of cryptocurrency exchange rates vs USA dollars using a new Dagum model |
| title_full_unstemmed | Analysis of cryptocurrency exchange rates vs USA dollars using a new Dagum model |
| title_short | Analysis of cryptocurrency exchange rates vs USA dollars using a new Dagum model |
| title_sort | analysis of cryptocurrency exchange rates vs usa dollars using a new dagum model |
| topic | Dagum distribution Heay-tailed characteristics Bitcoin exchange rates Ethereum exchange rates Statistical modeling. |
| url | http://www.sciencedirect.com/science/article/pii/S1110016822005774 |
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