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The normal distribution and its perturbation have left an immense mark on the statistical literature. Several generalized forms exist to model different skewness, kurtosis, and body shapes. Although they provide better fitting capabilities, these generalizations do not have parameters and formulae with a clear meaning to the practitioner on how the distribution is being modeled. We propose a neat integration approach generalization which intuitively gives direct control of the body and tail shape, the body-tail generalized normal (BTGN). The BTGN provides the basis for a flexible distribution, emphasizing parameter interpretation, estimation properties, and tractability. Basic statistical measures are derived, such as the density function, cumulative density function, moments, moment generating function. Regarding estimation, the equations for maximum likelihood estimation and maximum product spacing estimation are provided. Finally, real-life situations data, such as log-returns, time series, and finite mixture modeling, are modeled using the BTGN. Our results show that it is possible to have more desirable traits in a flexible distribution while still providing a superior fit to industry-standard distributions, such as the generalized hyperbolic, generalized normal, tail-inflated normal, and t distributions. [ABSTRACT FROM AUTHOR]

Modeling wind speed data is the prime requirement for harnessing the wind energy potential at a given site. While the Weibull distribution is the most commonly employed distribution in the literature and in practice, numerous scientific articles have proposed various alternative continuous probability distributions to model the wind speed at their convenient sites. Fitting the best distribution model to the data enables the practitioners to estimate the wind power density more accurately, which is required for wind power generation. In this paper we comprehensively review fourteen continuous probability distributions, and investigate their fitting capacities at seventeen locations of India covering the east and west offshore corner as well as the mainland, which represents a large variety of climatological scenarios. A first main finding is that wind speed varies a lot inside India and that one should treat each site individually for optimizing wind power generation. A second finding is that the wide acceptance of the Weibull distribution should at least be questioned, as it struggles to represent wind regimes with heterogeneous data sets exhibiting multimodality, high levels of skewness and/or kurtosis. Our study reveals that mixture distributions are very good alternative candidates that can model difficult shapes and yet do not require too many parameters. [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]