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Generalized Hyperbolic Secant Distributions: With Applications to Finance (SpringerBriefs in Statistics) book cover by Matthias J. Fischer
Paperback

Generalized Hyperbolic Secant Distributions: With Applications to Finance (SpringerBriefs in Statistics)

by Matthias J. Fischer

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Paperback · 72 pages Springer Berlin Heidelberg · 2014

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Generalized Hyperbolic Secant Distributions

​Among the symmetrical distributions with an infinite domain, the most popular alternative to the normal variant is the logistic distribution as well as the Laplace or the double exponential distribution, which was first introduced in 1774. Occasionally, the Cauchy distribution is also used. Surprisingly, the hyperbolic secant distribution has led a charmed life, although Manoukian and Nadeau had already stated in 1988 that “... the hyperbolic-secant distribution ... has not received sufficient attention in the published literature and may be useful for students and practitioners.” During the last few years, however, several generalizations of the hyperbolic secant distribution have become popular in the context of financial return data because of its excellent fit. Nearly all of them are summarized within this Springer Brief.

Details

Publisher
Springer Berlin Heidelberg
Author
Matthias J. Fischer
Format
Paperback
Published
Jan 15, 2014
ISBN-13
9783642451379
Pages
72
Printing
Printed on demand
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