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This research is inspired from monitoring the process covariance structure of q attributes where samples are independent, having been collected from a multivariate normal distribution with known mean vector and unknown covariance matrix. The focus is on two matrix random variables, constructed from different Wishart ratios, that describe the process for the two consecutive time periods before and immediately after the change in the covariance structure took place. The product moments of these constructed random variables are highlighted and set the scene for a proposed measure to enable the practitioner to calculate the run-length probability to detect a shift immediately after a change in the covariance matrix occurs. Our results open a new approach and provides insight for detecting the change in the parameter structure as soon as possible once the underlying process, described by a multivariate normal process, encounters a permanent/sustained upward or downward shift. [ABSTRACT FROM AUTHOR]

Entropy indicates a measure of information contained in a complex system, and its estimation continues to receive ongoing focus in the case of multivariate data, particularly that on the unit simplex. Oftentimes the Dirichlet distribution is employed as choice of prior in a Bayesian framework conjugate to the popular multinomial likelihood with K distinct classes, where consideration of Shannon- and Tsallis entropy is of interest for insight detection within the data on the simplex. However, this prior choice only accounts for negatively correlated data, therefore this paper incorporates previously unconsidered mixtures of Dirichlet distributions as potential priors for the multinomial likelihood which addresses the drawback of negative correlation. The power sum functional, as the product moment of the mixture of Dirichlet distributions, is of direct interest in the multivariate case to conveniently access the Tsallis- and other generalized entropies that is incorporated within an estimation perspective of the posterior distribution using real economic data. A prior selection method is implemented to suggest a suitable prior for the consideration of the practitioner; empowering the user in future for consideration of suitable priors incorporating entropy within the estimation environment as well as having the option of certain mixture of Dirichlet distributions that may require positive correlation. [ABSTRACT FROM AUTHOR]

The joint modeling of angular and linear observations is crucial as data of this nature are prevalent in multiple disciplines, for example the joint modeling of wind direction and another climatological variable such as wind speed or air temperature, the direction an animal moves and the distance moved, or wave direction and wave height. Hence, there is a need for developing flexible distributions on the hyper-disc, which has support of the interior of the hyper-sphere, as it allows for modeling the combination of angular and linear observations. This paper addresses this need by developing flexible distributions for the disc that have the ability to capture any inherent bimodality present in the data. A new class of bivariate distributions is proposed which has support on the unit disc in two dimensions that includes, as a special case, the existing Möbius distribution on the disc. This class is obtained by expressing the density function in a general form using a measurable function termed as generator. Special cases of this generator are considered to demonstrate the flexibility. By applying a conformal mapping to the generator function a new Möbius distribution class emanates. This class of bivariate distributions on the disc is the first to account for bimodality and skewness present in the data. The flexible behavior of the proposed models in terms of bimodality and skewness is graphically demonstrated. Preliminary evidential analysis of the wind data observed at Marion Island reveals the absence of unimodality in the data. The fit of the proposed models, which account for bimodality, to the Marion Island wind data were evaluated analytically and visually. [ABSTRACT FROM AUTHOR]