A new lifetime family of distributions: Theoretical developments and analysis of COVID 19 data
In parametric statistical modeling and inference, it is critical to develop generalizations of existing statistical distributions to make them more flexible in modeling real data sets. Thus , this paper contributes to the subject by investigating a new flexible and versatile generalized family of di...
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| Formato: | article |
| Lenguaje: | EN |
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Elsevier
2021
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| Acceso en línea: | https://doaj.org/article/4c067da217b547e1b17079cb727b18b1 |
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| Sumario: | In parametric statistical modeling and inference, it is critical to develop generalizations of existing statistical distributions to make them more flexible in modeling real data sets. Thus , this paper contributes to the subject by investigating a new flexible and versatile generalized family of distributions defined from the alliance of the families known as beta-G and Topp–Leone generated (TL-G), inspiring the name of BTL-G family. The characteristics of this new family are studied through analytical, graphical and numerical approaches. Statistical features of the family such as expansion of density function (pdf), cumulative function (cdf), moments (MOs), incomplete moments (IMOs), mean deviation (MDE), and entropy (ENT) are calculated. The model parameters’ maximum likelihood estimates (MaxLEs) and Bayesian estimates (BEs) are provided. Symmetric and Asymmetric Bayesian Loss function have been discussed. A complete simulation study is proposed to illustrate their numerical efficiency. The considered model is also applied to analyze two different kinds of genuine COVID 19 data sets. We show that it outperforms other well-known models defined with the same baseline distribution, proving its high level of adaptability in the context of data analysis. |
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