Decision Sciences
4 years ago

New tool predicts inverse gamma distribution, revolutionizing data analysis.

Statistical Software Components
INVGAMMAFIT: Stata module to fit a two-parameter inverse gamma distribution
Nicholas J. Cox, Stephen P. Jenkins

Paper Summary

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Skew Distributions

The INVGAMMAFIT Stata module helps fit a specific mathematical model called the inverse gamma distribution to data. This model has two parameters that describe its shape and scale. The module can also show how these parameters might change based on other factors. It includes tools to compare the model's predictions to actual data. Overall, this tool can help researchers analyze their data using the inverse gamma distribution and understand how well it fits their observations.