Publication Type
Journal Article
Version
publishedVersion
Publication Date
7-2006
Abstract
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.
Keywords
Box-Cox transformation, Dual power transformation, Duration, Trans-normal
Discipline
Econometrics
Research Areas
Econometrics
Publication
Economics Letters
Volume
92
Issue
1
First Page
14
Last Page
19
ISSN
0165-1765
Identifier
10.1016/j.econlet.2006.01.011
Publisher
Elsevier
Citation
YANG, Zhenlin.
A Modified Family of Power Transformations. (2006). Economics Letters. 92, (1), 14-19.
Available at: https://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 International License.
Additional URL
https://doi.org/10.1016/j.econlet.2006.01.011