Voudouris, Vlasios; Gilchrist, Robert; Rigby, Robert; … - In: Journal of Applied Statistics 39 (2012) 6, pp. 1279-1293
This paper illustrates the power of modern statistical modelling in understanding processes characterised by data that are skewed and have heavy tails. Our particular substantive problem concerns film box-office revenues. We are able to show that traditional modelling techniques based on the...