log-normal distribution

GPTKB entity

Statements (33)
Predicate Object
gptkbp:instanceOf gptkb:organization
gptkbp:alsoKnownAs gptkb:lognormal_distribution
gptkbp:application modeling income distribution
modeling particle size distribution
modeling size of living tissue
modeling stock prices
gptkbp:cumulativeDistributionFunction Φ((ln x - μ)/σ), x > 0
gptkbp:definedIn a probability distribution of a random variable whose logarithm is normally distributed
https://www.w3.org/2000/01/rdf-schema#label log-normal distribution
gptkbp:kurtosis exp(4σ^2) + 2exp(3σ^2) + 3exp(2σ^2) - 6
gptkbp:meaning exp(μ + σ^2/2)
gptkbp:medium exp(μ)
gptkbp:mode exp(μ - σ^2)
gptkbp:origin described by Francis Galton in 1879
gptkbp:parameter μ (mean of log)
σ (standard deviation of log)
gptkbp:probabilityDensityFunction f(x; μ, σ) = (1/(xσ√(2π))) exp(-(ln x - μ)^2/(2σ^2)), x > 0
gptkbp:property all moments exist
multiplicative product of many independent positive random variables tends to be log-normally distributed
not closed under addition
positively skewed
gptkbp:relatedTo gptkb:normal_distribution
gptkb:Weibull_distribution
gptkb:exponential_distribution
gptkbp:skewness (exp(σ^2) + 2)√(exp(σ^2) - 1)
gptkbp:supports (0, ∞)
gptkbp:usedIn biology
environmental science
finance
reliability engineering
gptkbp:variant [exp(σ^2) - 1] exp(2μ + σ^2)
gptkbp:bfsParent gptkb:Gaussian_distribution
gptkbp:bfsLayer 5