Statistical estimation techniques involve estimating probability distributions from available data. The fit of data to a particular probability distribution function can be evaluated using various ...

Technical Terms Goodness-of-fit test: A statistical procedure used to assess whether observed data conform to a specified probability distribution.

Properties of P-P and Q-Q probability plots for visually assessing the fit of probability models are reviewed. It is shown how to construct families of curves for standardized P-P plots, which are ...

Eugene Seneta, Fitting the Variance-Gamma Model to Financial Data, Journal of Applied Probability, Vol. 41, Stochastic Methods and Their Applications (2004), pp. 177-187 ...