A property of the yule distribution and its applications |
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Authors: | Evdokia Xekalaki |
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Institution: | Department of Statistics and Actuarial Science , The University of Iowa , IowaCity, Iowa, 52242 |
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Abstract: | The relationship Y = RX between two random variables X and Y, where R is distributed independently of X in (0, l), is known to have important consequences in different fields such as income distribution analysis, Inventory decision models, etc. In this paper it is shown that when X and Y are discrete random variables, relationships of similar nature lead to Yule-type distributions. The implications of the results are studied in connection with problems of income underreporting and inventory decision making. |
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Keywords: | Yule distribution income distribution inventory decision model |
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