The Balakrishnan Alpha Skew Laplace Distribution: Properties and Its Applications
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In this study by considering Balakrishnan mechanism a new form of alpha skew distribution is proposed and properties are investigated. The suitability of the proposed distribution has tested at the end with appropriate data fitting experiment and then comparing the values of Akaike Information Criterion (AIC), and Bayesian Information Criterion (BIC) with the values of some other related distributions. Likelihood ratio test is carried out for nested models, that is, for Laplace and the proposed distributions. Keywords: Skew Distribution, Alpha-Skew Distribution, Bimodal Distribution, Alpha-Skew-Normal Distribution, Alpha-Skew-Laplace Distribution, Balakrishnan-Alpha-Skew-Normal Distribution
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