[NOVA Math] Statistics and Risk Management Seminar

The Center of Mathematics and Applications (NOVA Math), promote the Seminar of Statistics and Risk Management with the title: “Exploring Household Income in EU Countries: A Three-Parameter Distribution Perspective". Kamila Trzcińska (University of University of Lodz, Poland) is the speaker.

Abstract: Household income is a key economic variable that reflects the living standards and material well-being of different social groups. Understanding its distribution is essential for analyzing inequality and economic structure. This study applies three-parameter income distribution models, known for their flexibility and strong statistical properties, to data from EU countries.

The focus is on evaluating how well these theoretical models, including the Zenga distribution (2010), approximate empirical income data. The goodness of fit is assessed using measures such as the coefficient of similarity, the Mortara index, and a newly proposed metric based on the comparison of empirical and theoretical cumulative distribution functions. Additionally, basic statistical characteristics derived from the models are compared with their empirical counterparts.

July 24, 2025, 14:00, Room 4.6, Building VIII.