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Flexible Lomax distribution |
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รหัสดีโอไอ | |
Creator | 1. Muhammad Ijaz 2. Muhammad Asim 3. Alamgir Khalil |
Title | Flexible Lomax distribution |
Publisher | Research and Development Office, Prince of Songkla University |
Publication Year | 2563 |
Journal Title | Songklanakarin Journal of Science and Technology |
Journal Vol. | 42 |
Journal No. | 5 |
Page no. | 1125-1134 |
Keyword | Rth moment, quantile function, characteristic function, median, mode, order statistics, TTT plots, maximum likelihood estimation |
URL Website | https://rdo.psu.ac.th/sjstweb/index.php |
ISSN | 0125-3395 |
Abstract | In this paper, a new probability model is produced, which is actually a modification of the Lomax distribution, calledFlexible Lomax (FL). The Flexible Lomax performs better than Lomax and its other invariants. The statistical properties of theFlexible Lomax distribution including quantile function, maximum likelihood estimation, order statistics, and rth moments arederived. To illustrate the efficiency of the proposed distribution, we use two real-life data sets and the results are then comparedby means of AIC, CAIC, BIC, and HQIC. It is shown that the proposed distribution fits these data better than Lomax and itsdifferent variants. |