Lambert <i>W</i> Random Variables and Their Applications in Loss Modelling

Several distributions and families of distributions are proposed to model skewed data, e.g., with skew-normal and related distributions. Lambert <i>W</i> random variables offer an alternative approach in which, instead of constructing a new distribution, a certain transformation is propo...

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Bibliographic Details
Main Authors: Meelis Käärik, Anne Selart, Tuuli Puhkim, Liivika Tee
Format: Article
Language:English
Published: MDPI AG 2023-10-01
Series:Symmetry
Subjects:
Online Access:https://www.mdpi.com/2073-8994/15/10/1877