Following record low interest rates and fast depreciating U.S. dollar, crude oil prices became under rising pressure and seemed boundless. Oil price process parameters changed drastically in 2003M5-2007M10 toward consistently rising prices. Short-term forecasting would imply persistence of...

Purpose – The majority of quality control charts are employed for normally distributed data. In reality this assumption is not always valid. This paper aims to consider an alternative the truncated normal. Design/methodology/approach – Having derived integral equations for the average run...

For a number of statistical applications subjective estimates of some distributional parameters - or even complete densities are needed. The literature agrees that it is wise behaviour to ask only for some quantiles of the distribution; from these, the desired quantities are extracted. Quite a...

We formulate a general representation of points z 2 <n