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313561

An Alternative Family of Power Transformations

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Last updated: 05 Jan 2025

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Abstract

The Box-Cox regression transformation has been widely used in applied economics. However, there has been very limited discussion of this transformation when data are truncated. This paper considers an alternative family of power transformation, called the Dual Power Transformation, to overcome the truncation problem of the Box-Cox power transformation. It generates a rich family of distributions that is seen to be very useful in modeling and analysis of economic applications. Empirical results presented are more favorable to the alternative transformation than to the Box-Cox power transformation in terms of model fit.  

DOI

10.21608/esju.2005.313561

Keywords

box, Cox Power Transformation, Transformed Regression Model, Dual Power Transformation, Trans, normal distribution

Volume

49

Article Issue

2

Related Issue

42994

Issue Date

2005-12-01

Publish Date

2005-12-01

Page Start

130

Page End

143

Print ISSN

0542-1748

Online ISSN

2786-0086

Link

https://esju.journals.ekb.eg/article_313561.html

Detail API

https://esju.journals.ekb.eg/service?article_code=313561

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3

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Original Article

Type Code

1,914

Publication Type

Journal

Publication Title

The Egyptian Statistical Journal

Publication Link

https://esju.journals.ekb.eg/

MainTitle

An Alternative Family of Power Transformations

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Article

Created At

28 Dec 2024