Stockhammar, Pär; Öller, Lars-Erik - In: Journal of Applied Statistics 38 (2011) 9, pp. 2023-2041
Three important and significantly heteroscedastic gross domestic product series are studied. Omnipresent heteroscedasticity is removed and the distributions of the series are then compared to normal, normal mixture and normal--asymmetric Laplace (NAL) distributions. NAL represents a skewed and...