Burmaster, David E.; Thompson, Kimberly M. - In: Journal of Risk Research 4 (2001) 1, pp. 49-62
We show how to use the method of maximum likelihood estimation (MLE) to fit a second-order parametric distribution conditioned on a single explanatory variable to data. To illustrate the method, we demonstrate how a second-order log-normal distribution, conditioned on the population served, can...