| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5076272 | Insurance: Mathematics and Economics | 2016 | 11 Pages |
Abstract
The Log-Lindley distribution is a continuous probability model with useful applications in insurance and inventory management. In this note, it is proven that pseudo-random data from this model can be generated by computer via the Lambert W function. A reparametrization suitable to get estimates of the parameters is proposed. Moreover, it is shown that this reparametrization is appropriate to perform a regression analysis with dependent variable taking values in the unit interval.
Keywords
Related Topics
Physical Sciences and Engineering
Mathematics
Statistics and Probability
Authors
P. Jodrá, M.D. Jiménez-Gamero,
