Online Program

Normal - Pareto Distributions: Theoretical Framework and Computational Issues (309834)

Presentation

Tomasz J. Kozubowski, University of Nevada, Reno 
*Matthew Awere Ohemeng, University of Nevada Reno 

Keywords: Discrete Pareto Distribution, Discretization, Distribution theory, Infinite divisibility, Poisson Process, Power law, Random sum, geometric stable distribution

We introduce a new, conditionally Gaussian, hierarchical stochastic model for heavy tailed data, which generalizes the Laplace probability distribution. We present basic properties of this model and discuss related computational issues. We also briefly consider inferential aspects of the model as well as its applications.