Atika Ayu Listianingsih

Maximum Likelihood Estimation of the Shape Parameters of the Generalized Lambda Distribution: A Finite-Sample Simulation Study

The Generalized Lambda Distribution (GLD) is a flexible four parameter distribution that can describe a wide range of symmetric, skewed and heavy tailed data patterns. However, its parameters are difficult to estimate because the likelihood equations are nonlinear and usually do not have analytical solution. This paper...