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ON SOME PROPERTIES AND APPLICATIONS OF THE TYPE II HALF-LOGISTIC EXPONENTIATED FRECHET DISTRIBUTION.

Authors :
Bello, Olalekan Akanji
Doguwa, Sani Ibrahim
Yahaya, Abukakar
Jibril, Haruna Mohammed
Source :
Reliability: Theory & Applications. Mar2024, Vol. 19 Issue 1, p160-174. 15p.
Publication Year :
2024

Abstract

As the dimensions of available data for analysis continues to grow rapidly, it becomes imperative to develop new probability distributions that can more accurately represent various phenomena. In this research paper, we introduce a novel continuous probability distribution known as the Type II Half-Logistic Exponentiated Frechet Distribution, characterized by four positive parameters. This distribution expands upon the traditional Frechet distribution by introducing two additional parameters. We derive a significant density representation for this distribution. Furthermore, we delve into several statistical and mathematical properties associated with the Type II Half-Logistic Exponentiated Frechet distribution. This includes explicit expressions for key metrics such as the quantile function, probability weighted moments, moments, moments generating function, reliability function, hazard function, and order statistics. To estimate the model parameters effectively, we employ a maximum likelihood estimation technique and present the results of a simulation study. Our research underscores the superiority of this new distribution by applying it to two real-world datasets. Notably, the findings demonstrate that the Type II Half-Logistic Exponentiated Frechet distribution outperforms other considered distributions in fitting the two real datasets. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
19322321
Volume :
19
Issue :
1
Database :
Academic Search Index
Journal :
Reliability: Theory & Applications
Publication Type :
Academic Journal
Accession number :
177209496