Directional statistics | Continuous distributions

Wrapped asymmetric Laplace distribution

In probability theory and directional statistics, a wrapped asymmetric Laplace distribution is a wrapped probability distribution that results from the "wrapping" of the asymmetric Laplace distribution around the unit circle. For the symmetric case (asymmetry parameter Îş = 1), the distribution becomes a wrapped Laplace distribution. The distribution of the ratio of two circular variates (Z) from two different wrapped exponential distributions will have a wrapped asymmetric Laplace distribution. These distributions find application in stochastic modelling of financial data. (Wikipedia).

Wrapped asymmetric Laplace distribution
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Related pages

Scale parameter | Wrapped distribution | Asymmetry | Exponential distribution | Probability theory | Unit circle | Directional statistics | Wrapped exponential distribution | Probability density function | Location parameter | Asymmetric Laplace distribution | Characteristic function (probability theory)