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287166

Estimation of Log-Pearson Type III Distribution Using Percentile Roots: ATM Transactions Over 24 Years in Saudi Arabia as a Case Study

Article

Last updated: 24 Dec 2024

Subjects

-

Tags

Mathematics & computer sciences and physics.

Abstract

Estimation methods of three-parameter distributions are essential in data-fitting distributions. In this paper, an application to a simple estimation method named Percentile Root (PR) was presented with ATM transactions as a case study. The PR method was applied to the ‎probability distribution Log-Pearson type III distribution. The statistical properties of the ‎distribution are exploited by PR to obtain the estimated parameters, ensuring the efficiency of ‎the method. The Anderson-Darling and Kolmogorov-Smirnov test were performed on the results of PR method. The significant results of‎PR method are compared with Maximum Likelihood Estimation (MLE), and it is clear that the PR method is simple in coding by a computer and provides precise results‎. The point is highly beneficial to applications of economic and commercial sciences. The Log-Pearson type III distribution was used by PR method and fitted to the ATM data set to overcome the problems of predicting the prospect numbers of financial transactions in banks.

DOI

10.21608/ajbas.2023.165619.1127

Keywords

Anderson-Darling Test, ATM Transactions, Log-Pearson Type III, Percentile Roots

Authors

First Name

Mohammed

Last Name

El Genidy

MiddleName

-

Affiliation

Department of Mathematics and Computer Science, Faculty of Science, Port Said University, Port Said, Egypt

Email

drmmg2016@yahoo.com

City

-

Orcid

0000-0002-4657-3045

First Name

Wesal

Last Name

Megahed

MiddleName

-

Affiliation

Department of Basic Science, Obour Higher Institute for Management Informatics, Egypt

Email

wesalmegahed@gmail.com

City

-

Orcid

-

First Name

Khaled

Last Name

Mahfouz

MiddleName

-

Affiliation

Department of Mathematics and Computer Science, Faculty of Science, Port Said University, Port Said, Egypt

Email

eyadmahfouz2012@gmail.com

City

-

Orcid

-

Volume

4

Article Issue

3

Related Issue

42188

Issue Date

2023-07-01

Receive Date

2022-09-27

Publish Date

2023-07-01

Page Start

485

Page End

494

Online ISSN

2682-275X

Link

https://ajbas.journals.ekb.eg/article_287166.html

Detail API

https://ajbas.journals.ekb.eg/service?article_code=287166

Order

9

Type

Original Article

Type Code

947

Publication Type

Journal

Publication Title

Alfarama Journal of Basic & Applied Sciences

Publication Link

https://ajbas.journals.ekb.eg/

MainTitle

Estimation of Log-Pearson Type III Distribution Using Percentile Roots: ATM Transactions Over 24 Years in Saudi Arabia as a Case Study

Details

Type

Article

Created At

24 Dec 2024