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The Mean Deviation from the Median of the Dagum Distribution
Department of Education, Psychology, Communication, University of Bari “Aldo Moro”, Bari, Italy
Department of Economics, Management and Business Law, University of Bari “Aldo Moro”, Bari, Italy
Department of Education, Psychology, Communication, University of Bari “Aldo Moro”, Bari, Italy
- 1 Department of Education, Psychology, Communication, University of Bari “Aldo Moro”, Bari, Italy
- 2 Department of Economics, Management and Business Law, University of Bari “Aldo Moro”, Bari, Italy
- 3 Department of Education, Psychology, Communication, University of Bari “Aldo Moro”, Bari, Italy
Applied Mathematics·Volume 11 (2020)·Pages 951–956·Published 30 September 2020·DOI10.4236/am.2020.1110062
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Abstract
The Dagum model is particularly suitable for the analysis of the distributions of economic quantities, such as income, assets and consumption. The purpose of this note is to derive the expression of the mean deviation from the median of the Dagum distribution to study the behavior of the scale and shape parameters in terms of absolute variability and in terms of relative variability.
KeywordsMean Deviation from the MedianDagum DistributionScale and Shape Parameters
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