beta bessel distributionsβ贝塞尔分布.pdfVIP

BETA BESSEL DISTRIBUTIONS ARJUN K. GUPTA AND SARALEES NADARAJAH Received 5 December 2005; Revised 4 May 2006; Accepted 7 May 2006 Three new distributions on the unit interval [0,1] are introduced which generalize the standard beta distribution. These distributions involve the Bessel function. Expression is derived for their shapes, particular cases, and the nth moments. Estimation by the method of maximum likelihood and Bayes estimation are discussed. Finally, an application to consumer price indices is illustrated to show that the proposed distributions are better models to economic data than one based on the standard beta distribution. Copyright © 2006 Hindawi Publishing Corporation. All rights reserved. 1. Introduction Beta distributions are very versatile and a variety of uncertainties can be usefully modeled by them. Many of the finite range distributions encountered in practice can be easily transformed into the standard distribution. In reliability and life testing experiments, many times the data are modeled by finite range distributions, see, for example, [2]. A random variable X is said to have the standard beta distribution with parameters ν and μ if its probability density function (pdf) is xν−1(1 −x )μ −1 f (x ) = (1.1) B (ν,μ) for 0 x 1, ν 0, and μ 0, where B (a, b) = 1 ta−1(1 − t)b−1 dt (1.2) 0 denotes the beta function. Many generalizations of (1.1) involving algebraic, exponential, and hypergeometric functions have been proposed in the literature. Some of these are (see [6, Chapter 25] and [5] for comprehensive accounts) Hindawi Publishing Corporation International Journal of Mathematics and Mathematical Scien