The ARGUS distribution is a probability distribution that is used to model univariate data that is bounded on one side (lower bound) and has an upper bound that extends to infinity. It is notable for its characteristic shape and is often applied in fields such as economics, finance, and environmental studies where data is restricted to a particular range. Formally, the probability density function (PDF) of the ARGUS distribution is defined for positive values and incorporates a shape parameter.
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