Early occurrence of certain events such as failure or repairs is a common phenomenon in the lifetime of industrial products. Often, the log normal distribution has been found as a useful model to be ...

Data in statistical practice often consist of nonnegative measurements that exhibit positive skewness. The inverse Gaussian (IG) family of distributions provides a versatile and flexible model for ...

Appropriate modeling of time-varying dependencies is very important for quantifying financial risk, such as the risk associated with a portfolio of financial assets. Most of the papers analyzing ...