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Parametric Techniques on Other Distributions- USING THE PARAMETERS TO FIND OPTIMAL F

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Parametric Techniques on Other Distributions


USING THE PARAMETERS TO FIND OPTIMAL F
Now that we have found the best-fitting parameter values, we can find the optimal f on this distribution. We can take the same procedure we used to find the optimal f on the Normal Distribution. The only difference now is that the associated probabilities for each standard value (X value) are calculated per the procedure. With the Normal Distribution, we find our associated probabilities column by using equation. Here, to find our associated probabilities, we must follow the procedure detailed previously:
1. For a given standard value, X, we figure its corresponding N'(X). 2. For each standard value, we also have the interim step of keeping a running sum of the N'(X) 's corresponding to each value of X. 3. Now, to find N(X), the resultant probability for a given X, add together the running sum corresponding to the X value with the running sum corresponding to the previous X value. Divide this su…