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An Opportunity for Graphic Presentation of the Connection Between the Parameters of Statistical Distributions

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  • Todor Kaloyanov

Abstract

In some cases when statistical methods of examination of relations and dependences are applied to distributions which are different than normal the results are questioned. One of the reasons is that in the construction of these methods grounded are just a first initial, second central and a compound element. The measures grounded on elements of a higher order as these of asymmetry and excess are usually neglected nevertheless they carry information which in many cases is very valuable. Presented is an idea of simultaneous use of the moments from the first to the fourth order – mean value, mean quadratic digression and the coefficients of asymmetry and excess while comparing several distributions towards a single moment as well as to examine the dynamics of distributions.

Suggested Citation

  • Todor Kaloyanov, 2008. "An Opportunity for Graphic Presentation of the Connection Between the Parameters of Statistical Distributions," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 73-88.
    • Handle: RePEc:bas:econth:y:2008:i:2:p:73-88
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    References listed on IDEAS

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    1. M. S. Feldstein, 1969. "Mean-Variance Analysis in the Theory of Liquidity Preference and Portfolio Selection," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 36(1), pages 5-12.
    2. Tsiang, S C, 1972. "The Rationale of the Mean-Standard Deviation Analysis, Skewness Preference, and the Demand for Money," American Economic Review, American Economic Association, vol. 62(3), pages 354-371, June.
    3. Paul A. Samuelson, 1970. "The Fundamental Approximation Theorem of Portfolio Analysis in terms of Means, Variances and Higher Moments," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 37(4), pages 537-542.
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    More about this item

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • C46 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Specific Distributions
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • J10 - Labor and Demographic Economics - - Demographic Economics - - - General
    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth

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