Stats · 2018 · 11 citations · 15 references
BusinessIndustrial EngineeringActuarial ScienceStochastic ModelingSurvival AnalysisMaximum Likelihood EstimationParametric Survival ModelsProbability DistributionsSurvival FunctionsSurvival ModelingSurvival PredictionCompound Distribution ModelsLifetime AnalysisLifetime DistributionsMaximum Likelihood Estimation AlgorithmsMomentsStatistical MomentsSurvival DistributionsWeibull Model
A new compound distribution called Burr XII-Weibull-Logarithmic (BWL) distribution is introduced and its properties are explored. This new distribution contains several new and well known sub-models, including Burr XII-Exponential-Logarithmic, Burr XII-Rayleigh-Logarithmic, Burr XII-Logarithmic, Lomax-Exponential-Logarithmic, Lomax–Rayleigh-Logarithmic, Weibull, Rayleigh, Lomax, Lomax-Logarithmic, Weibull-Logarithmic, Rayleigh-Logarithmic, and Exponential-Logarithmic distributions. Some statistical properties of the proposed distribution including moments and conditional moments are presented. Maximum likelihood estimation technique is used to estimate the model parameters. Finally, applications of the model to real data sets are presented to illustrate the usefulness of the proposed distribution.
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