Useful Generalization of the Inverse Lomax Distribution: Statistical Properties and Application to Lifetime Data | Biomedgrid
Journal: American Journal of Biomedical Science & Research (Vol.6, No. 3)Publication Date: 2019-11-19
Authors : Obubu Maxwell; Adeleke Akinrinade Kayode; Ibeakuzie Precious Onyedikachi; Chinelo Ijeoma Obi-Okpala; Echebiri Udochukwu Victor;
Page : 258-265
Keywords : Odd generalized exponentiated family; Inverse lomax distribution; Moments; Reliability function; Hazard function; Continuous distribution;
Abstract
A four-parameter compound continuous distribution for modeling lifetime data known as the Odd Generalized Exponentiated Inverse Lomax distribution was proposed in this study. Basic Structural properties were derived in minute details. Simulation studies was carried out to investigate the behavior of the proposed distribution, from which the maximum likelihood estimates for the true parameters, including the bias and root mean square error (RMSE) were obtained. The proposed model was applied to the strengths of glass fibres dataset and the result compared to other existing distribution.
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