INVERTED DAGUM DISTRIBUTION: PROPERTIES AND APPLICATION TO LIFETIME DATASET.

This article presents the introduction of a novel univariate probability distribution termed the inverted Dagum distribution. Extensive analysis of the statistical properties of this distribution, including the hazard function, survival function, Renyi's entropy, quantile function, and the distribution of the order statistics, was conducted. Parameter estimation of the model was performed utilizing the maximum likelihood method, with the consistency of the estimates validated through Monte Carlo simulation. Furthermore, the applicability of the proposed distribution was demonstrated through the analysis of two real datasets. [ABSTRACT FROM AUTHOR]