The exponentiated burr XII power series distribution: Properties and applications

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Tarih

2019

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Dergi ISSN

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Yayıncı

Multidisciplinary Digital Publishing Institute (MDPI)

Erişim Hakkı

info:eu-repo/semantics/openAccess

Özet

In this work, we introduce a new Burr XII power series class of distributions, which is obtained by compounding exponentiated Burr XII and power series distributions and has a strong physical motivation. The new distribution contains several important lifetime models. We derive explicit expressions for the ordinary and incomplete moments and generating functions. We discuss the maximum likelihood estimation of the model parameters. The maximum likelihood estimation procedure is presented. We assess the performance of the maximum likelihood estimators in terms of biases, standard deviations, and mean square of errors by means of two simulation studies. The usefulness of the new model is illustrated by means of three real data sets. The new proposed models provide consistently better fits than other competitive models for these data sets.

Açıklama

Anahtar Kelimeler

Burr distribution, Compounding, Hazard rate, Lifetime distribution, Maximum likelihood method, Power series distribution

Kaynak

Stats

WoS Q Değeri

Q3

Scopus Q Değeri

Q3

Cilt

2

Sayı

1

Künye