Approximation of the sum of independent lognormal variates using lognormal distribution by maximum likelihood estimation approached

Three methods of approximating the sum of lognormal variates to a lognormal distribution were studied. They were the Wilkinson approximation, the Monte Carlo version of the Wilkinson approximation and the approximation using estimated maximum likelihood lognormal parameters. The lognormal variates w...

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Bibliographic Details
Main Authors: Abdul Rahman Othman, Lai, Choo Heng, Aissa, Sonia, Nora Muda
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2023
Online Access:http://journalarticle.ukm.my/21554/
http://journalarticle.ukm.my/21554/1/S%2024.pdf