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The Zero-Adjusted Log-Symmetric Distributions: Point and Intervalar Estimation.
Diego Risco-Cosavalente1, Francisco José A Cysneiros1
1Universidade Federal de Pernambuco, Departamento de Estatística, Av. Prof Luiz Freire, s/n, Cidade Universitária, 50670-901 Recife, PE, Brazil.
A new zero-adjusted log-symmetric distribution is introduced for semi-continuous data. This flexible model, estimated using maximum likelihood, shows promise for real-world applications with varying data tails.
Area of Science:
- Statistics
- Probability Theory
- Data Analysis
Background:
- Semi-continuous data, common in fields like biostatistics and econometrics, often requires specialized modeling approaches.
- Existing distributions may not adequately capture the characteristics of data with a high proportion of zero values and a continuous positive component.
Purpose of the Study:
- To introduce and investigate a novel class of semi-continuous probability distributions: the zero-adjusted log-symmetric (ZALS) distributions.
- To derive key properties and parameter estimation methods for the ZALS family.
- To assess the performance of the proposed estimators through simulation and demonstrate practical utility with real data.
Main Methods:
- Theoretical derivation of ZALS distribution properties.
- Application of the maximum likelihood estimation (MLE) method for parameter estimation.
- Development of confidence intervals (CIs) for the estimated parameters.
- Conducting a simulation study to evaluate MLE performance across different tail behaviors (lighter/heavier).
- Illustrative application using a real-world dataset.
Main Results:
- The ZALS distribution is formally defined and its fundamental properties are established.
- Maximum likelihood estimators and confidence intervals for ZALS parameters are derived.
- Simulation results indicate that the MLEs perform adequately in both lighter and heavier-tailed scenarios.
- The real data application demonstrates the practical applicability and flexibility of the ZALS distribution.
Conclusions:
- The proposed zero-adjusted log-symmetric distribution offers a flexible and effective tool for modeling semi-continuous data.
- The maximum likelihood method provides reliable parameter estimation for this new class of distributions.
- The ZALS family is a valuable addition to the statistical toolkit for analyzing complex datasets with zero-inflated and continuous components.

