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A discrete analogue of odd Weibull-G family of distributions: properties, classical and Bayesian estimation with applications to count data.
- Source :
-
Journal of Applied Statistics . Sep2022, Vol. 49 Issue 11, p2928-2952. 25p. 15 Charts, 6 Graphs. - Publication Year :
- 2022
-
Abstract
- In the statistical literature, several discrete distributions have been developed so far. However, in this progressive technological era, the data generated from different fields is getting complicated day by day, making it difficult to analyze this real data through the various discrete distributions available in the existing literature. In this context, we have proposed a new flexible family of discrete models named discrete odd Weibull-G (DOW-G) family. Its several impressive distributional characteristics are derived. A key feature of the proposed family is its failure rate function that can take a variety of shapes for distinct values of the unknown parameters, like decreasing, increasing, constant, J-, and bathtub-shaped. Furthermore, the presented family not only adequately captures the skewed and symmetric data sets, but it can also provide a better fit to equi-, over-, under-dispersed data. After producing the general class, two particular distributions of the DOW-G family are extensively studied. The parameters estimation of the proposed family, are explored by the method of maximum likelihood and Bayesian approach. A compact Monte Carlo simulation study is performed to assess the behavior of the estimation methods. Finally, we have explained the usefulness of the proposed family by using two different real data sets. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 02664763
- Volume :
- 49
- Issue :
- 11
- Database :
- Academic Search Index
- Journal :
- Journal of Applied Statistics
- Publication Type :
- Academic Journal
- Accession number :
- 158199126
- Full Text :
- https://doi.org/10.1080/02664763.2021.1928018