Skew‐normal distributions extend the traditional normal model by incorporating a parameter that accounts for asymmetry, thereby providing a more flexible framework for modelling real‐world data.

James Chen, CMT is an expert trader, investment adviser, and global market strategist. Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician ...

Anyone familiar with basic statistics is familiar with the concept of a bell curve. A bell curve is a visual representation of normal data distribution, in which the median represents the highest ...

The diameters of 50 steel rods are measured and saved as values of the variable DISTANCE in the following data set: * data measures; input diameter @@; label diameter='Diameter in mm'; datalines; ...

Data from many applied fields exhibit both heavy tail and skewness behavior. For this reason, in the last few decades, there has been a growing interest in exploring parametric classes of ...