Determination Of A General Normal Distribution Cover Image

Determination Of A General Normal Distribution
Determination Of A General Normal Distribution

Author(s): Ivica Stanković, Borivoj Subotić
Subject(s): Economy
Published by: Fakultet za poslovne studije i pravo
Keywords: normal curve; Chebyshev polynomials; generalized normal distribution; recurrent formulas; characteristic of orthogonal polynomials

Summary/Abstract: In this paper, one way of the generalization of the normal distribution curve, using interpolation system and Chebyshev polynomials because it represents an indispensable arsenal in the economic analysis and econometrics that each serious economist is using, in order to get a quick and elegant result of its research. Therefore, it is a non-standard apparatus known only to rare economists. The name of the Russian mathematician Chebyshev in mathematical statistics is related mainly to so-called Chebyshev inequality, which also called Chebyshev law of large numbers, while his polynomials remain unknown to many theorists of statistics and econometrics. Therefore, the aim of this article is to fill this gap and to put closer Chebyshev polynomial approximation to a large number of economists.

  • Issue Year: 3/2013
  • Issue No: 9
  • Page Range: 105-108
  • Page Count: 4
  • Language: English