DocumentCode
2845873
Title
Quantile-Based Distributions and the Modelling: Methodology and Application
Author
Yang Jie ; Zhang Shaozong
Author_Institution
Sch. of Econ. & Manage., Yunnan Normal Univ., Kunming, China
fYear
2009
fDate
19-20 Dec. 2009
Firstpage
1
Lastpage
5
Abstract
In 2004, Deng and Jiang presented two new probabilistic models based on two classes of new distribution proposed by Jiang (2000). In this paper we investigate how well these two new models work for real financial series in Chinese foreign exchange market, using the data from both USD and EUR exchange data. We find that the new models can provide quite good fitting in these empirical studies.
Keywords
foreign exchange trading; statistical distributions; Chinese foreign exchange market; EUR exchange data; USD exchange data; probabilistic models; quantile-based distributions; real financial series; Displays; Distribution functions; Exchange rates; Gaussian distribution; Mathematical model; Probability distribution; Random variables; Statistical analysis; Stochastic processes; Stock markets;
fLanguage
English
Publisher
ieee
Conference_Titel
Information Engineering and Computer Science, 2009. ICIECS 2009. International Conference on
Conference_Location
Wuhan
Print_ISBN
978-1-4244-4994-1
Type
conf
DOI
10.1109/ICIECS.2009.5365075
Filename
5365075
Link To Document