Abstract:Statistical distributions have great applicability for modeling data in almost every applied sector. Among the available classical distributions, the inverse Weibull distribution has received considerable attention. In the practice of distribution theory, numerous methods have been studied and suggested/introduced to increase the flexibility level of the traditional probability distributions. In this paper, we implement different distribution methods to obtain five new different versions of the inverse Weibull… Show more
Well-known continuous distributions such as Beta and Kumaraswamy distribution are useful for modeling the datasets which are based on unit interval [0,1]. But every distribution is not always useful for all types of data sets, rather it depends on the shapes of data as well. In this research, a three-parameter new distribution named bounded exponentiated Weibull (BEW) distribution is defined to model the data set with the support of unit interval [0,1]. Some fundamental distributional properties for the BEW distribution have been investigated. For modeling dependence between measures in a dataset, a bivariate extension of the BEW distribution is developed, and graphical shapes for the bivariate BEW distribution have been shown. Several estimation methods have been discussed to estimate the parameters of the BEW distribution and to check the performance of the estimator, a Monte Carlo simulation study has been done. Afterward, the applications of the BEW distribution are illustrated using COVID-19 data sets. The proposed distribution shows a better fit than many well-known distributions. Lastly, a quantile regression model from bounded exponentiated Weibull distribution is developed, and its graphical shapes for pdf and hazard function have been shown.
Well-known continuous distributions such as Beta and Kumaraswamy distribution are useful for modeling the datasets which are based on unit interval [0,1]. But every distribution is not always useful for all types of data sets, rather it depends on the shapes of data as well. In this research, a three-parameter new distribution named bounded exponentiated Weibull (BEW) distribution is defined to model the data set with the support of unit interval [0,1]. Some fundamental distributional properties for the BEW distribution have been investigated. For modeling dependence between measures in a dataset, a bivariate extension of the BEW distribution is developed, and graphical shapes for the bivariate BEW distribution have been shown. Several estimation methods have been discussed to estimate the parameters of the BEW distribution and to check the performance of the estimator, a Monte Carlo simulation study has been done. Afterward, the applications of the BEW distribution are illustrated using COVID-19 data sets. The proposed distribution shows a better fit than many well-known distributions. Lastly, a quantile regression model from bounded exponentiated Weibull distribution is developed, and its graphical shapes for pdf and hazard function have been shown.
“…These data are recorded between March 4, 2022, and July 20, 2020. The considered data set was analyzed by Almazah et al (2022), has one hundred and eight observations and is given in the appendix. The data analysis results given in Table 6 indicates that the HT-GEN-TL-LLoG distribution outperforms the other fitted distributions since it has the lowest values of the goodness-of-fit statistics: −2 ln(L), AIC,CAIC, BIC,W * , A * , K −S and largest p-value of the K − S statistic.…”
In this article, we introduce a robust generalization of the generalized Topp-Leone-G (GEN-TL-G) family of distributions via the heavy-tailed technique. The distribution is named heavy-tailed generalized Topp-Leone-G (HT-GEN-TL-G) family of distributions. Statistical properties of the HT-GEN-TL-G family of distributions including reliability functions, quantile function, density expansion, moments, moment generating function, incomplete moments, Rényi entropy, distribution of order statistics are derived. Different estimation methods including Maximum Likelihood, Anderson-Darling, Ordinary Least Squares, Weighted Least Squares, Cram\'er-von Mises and Maximum Product of Spacing are utilized to estimate the unknown parameters of the new distribution, and a simulation study is used to compare the results of the estimation methods. Risk measures for this distribution were also developed and finally the effectiveness of this new family of distributions was demonstrated using applications to two real data sets.
“…These advancements are expected to have a profound impact on the fields of engineering, economics, psychology, and biology, enabling more accurate and effective analysis of data involving ratios, rates, and percentages within the unit interval [0, 1]. Nasiru et al 8 introduced a new lifetime distribution named as bounded truncated Cauchy power exponential distribution to model the unit data, Almazah et al 9 executed various distribution methods to find five new different forms of the inverse Weibull model and the resultant models applied on the mortality rate of COVID-19. Moraes-Rego 10 introduced a unit interval distribution named a truncated exponentiated exponential distribution.…”
Well-known continuous distributions such as Beta and Kumaraswamy distribution are useful for modeling the datasets which are based on unit interval [0,1]. But every distribution is not always useful for all types of data sets, rather it depends on the shapes of data as well. In this research, a three-parameter new distribution named bounded exponentiated Weibull (BEW) distribution is defined to model the data set with the support of unit interval [0,1]. Some fundamental distributional properties for the BEW distribution have been investigated. For modeling dependence between measures in a dataset, a bivariate extension of the BEW distribution is developed, and graphical shapes for the bivariate BEW distribution have been shown. Several estimation methods have been discussed to estimate the parameters of the BEW distribution and to check the performance of the estimator, a Monte Carlo simulation study has been done. Afterward, the applications of the BEW distribution are illustrated using COVID-19 data sets. The proposed distribution shows a better fit than many well-known distributions. Lastly, a quantile regression model from bounded exponentiated Weibull distribution is developed, and its graphical shapes for the probability density function (PDF) and hazard function have been shown.
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