Transmuted extended Lomax distribution with some tractability properties and applications

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  • Abstract

    Extending or generalizing original distributions create new distributions with some tractability properties and with more flexibility in modeling data. In this paper, the extended Lomax distribution introduced by Ghitany et al. [1] is further extended in a larger family by introducing an additional parameter. We provide a comprehensive description of the mathematical properties of the subject distribution along with its reliability behavior. The problem of the parameter estimation for the proposed distribution is considered based on the maximum likelihood approach. Finally, the usefulness of the transmuted distribution for modeling reliability data is illustrated using a simulation study and a real data set.

  • References

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Article ID: 28753
DOI: 10.14419/ijasp.v7i1.28753

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