简介:TheMTD(mixturetransitiondistribution)modelbasedonWeibulldistribution(WMTDmodel)isproposedinthispaper,whichisaimedatitsparameterestimation.AnEMalgorithmforestimationisgivenandshowntoworkwellbysomesimulations.Andbootstrapmethodisusedtoobtainconfidenceregionsfortheparameters.Finally,theresultsofarealexample-predictingstockprices-showthattheWMTDmodelproposedisabletocapturethefeaturesofthedatafromthick-taileddistributionbetterthanGMTD(mixturetransitiondistribution)model.