Unit-log-symmetric models: Characterization, statistical properties and its use in analyzing internet access data

Abstract

We present here a unit-log-symmetric model based on the bivariate log-symmetric distribution. It is a flexible family of distributions over the interval $(0,1)$. We then discuss its mathematical properties such as stochastic representation, symmetry, modality, moments, quantile function, entropy and maximum likelihood estimators, paying particular attention to the special cases of unit log-normal, unit-log-Student-$t$ and unit-log-Laplace distributions. Finally, some empirical results and practical illustrations are presented.

23 pages, 27 figures