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On the controversy over tailweight of distributions

✍ Scribed by C.C. Heyde; S.G. Kou

Publisher
Elsevier Science
Year
2004
Tongue
English
Weight
448 KB
Volume
32
Category
Article
ISSN
0167-6377

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✦ Synopsis

Although understanding tail behavior of distributions is important in many areas, such as telecommunications network analysis and ΓΏnance, there is considerable controversy about distinctions between exponential-type and power-type tails. This paper explains why the distinctions are surprisingly di cult for popular methods in the literature, and why particularly large samples are needed for clear discrimination.

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