Economic Peaks and Value-at-Risk Analysis: A Novel Approach Using the Laplace Distribution for House Prices

Economic Peaks and Value-at-Risk Analysis: A Novel Approach Using the Laplace Distribution for House Prices

In this article, a new extension of the standard Laplace distribution is introduced for house price modeling. Certain important properties of the new distribution are deducted throughout this study. We used the new extension of the Laplace model to conduct a thorough economic risk assessment utilizi...

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Bibliographic Details
Main Authors: Jondeep Das, Partha Jyoti Hazarika, Morad Alizadeh, Javier E. Contreras-Reyes, Hebatallah H. Mohammad, Haitham M. Yousof
Format: Article
Language:English
Published: MDPI AG 2025-01-01
Series:Mathematical and Computational Applications
Subjects:
Laplace
odd log-logistic
economic risk
extreme house price data
mean of order-<i>P</i>
peaks over a random threshold
Online Access:https://www.mdpi.com/2297-8747/30/1/4
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