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article · AIMS Mathematics

Fractional generalized cumulative residual entropy: properties, testing uniformity, and applications to Euro Area daily smoker data

2024Open accessAin Shams University

Abstract

<abstract><p>The fractional generalized cumulative residual entropy, a broader version of the cumulative residual entropy, holds significance in assessing the uncertainty model of random variables and maintains straightforward connections with reliability models and crucial information. This article represents and modifies some novel features of the fractional generalized cumulative residual entropy and discusses the weak convergence. Additionally, the measure is utilized to assess uniformity, involving the derivation of the limit distribution and an approximation of the test statistic's distribution. Furthermore, the concept of stability is addressed. Moreover, the presentation includes the critical points and power analysis against alternative distributions of this test statistic. Furthermore, a simulation study is carried out to compare the power value of the proposed test with that of other tests of uniformity. Moreover, the uniformity test utilizes real data on daily smokers in the countries of the Euro Area. Finally, our model's exponential distribution is applied to our model's empirical form.</p></abstract>

Research topics

  • Financial Risk and Volatility Modeling
  • Statistical Distribution Estimation and Applications
  • Advanced Statistical Methods and Models

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DOI: 10.3934/math.2024881

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