A Modified Family of Power Transformations
A modified family of power transformation, called the dual power transformation, is proposed. The new transformation is shown to possess properties similar to those of the well-known Box–Cox power transformation, but overcomes the long-standing truncation problem of the latter. It generates a rich family of distributions that is seen to be very useful in modeling and analysis of durations and event-times.
Box–Cox transformation; Dual power transformation; Duration; Trans-normal
A Modified Family of Power Transformations. (2006). Economics Letters. 92, (1), 14-19. Research Collection School Of Economics.
Available at: http://ink.library.smu.edu.sg/soe_research/179
Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.
This document is currently not available here.