Logo image
QQ plots, random sets and data from a heavy tailed distribution
Journal article   Peer reviewed

QQ plots, random sets and data from a heavy tailed distribution

B. Das and S. I. Resnick
Stochastic models, Vol.24(1), pp.103-132
01/02/2008

Abstract

Mathematics Physical Sciences Science & Technology Statistics & Probability
The QQ plot is a commonly used technique for informally deciding whether a univariate random sample of size n comes from a specified distribution F. The QQ plot graphs the sample quantiles against the theoretical quantiles of F and then a visual check is made to see whether,or not the points are close to a straight line. For a location and scale family of distributions, the intercept and slope of the straight line provide estimates for the shift and scale parameters of the distribution respectively. Here we consider the set S of points forming the QQ plot as a random closed set in R-2. We show that under certain regularity conditions on the distribution F, S converges in probability to a closed, non-random set. In the heavy tailed case where 1 - F is a regularly varying function, a similar result can be shown, but a modification is necessary to provide a statistically sensible result since typically F is not completely known.

Metrics

1 Record Views

Details

Logo image