A new Weibull-X family of distributions: properties, characterizations and applications
Zubair Ahmad (),
M. Elgarhy () and
G. G. Hamedani ()
Additional contact information
Zubair Ahmad: Quaid-i-Azam University 45320
M. Elgarhy: University of Jeddah
G. G. Hamedani: Marquette University
Journal of Statistical Distributions and Applications, 2018, vol. 5, issue 1, 1-18
Abstract:
Abstract We propose a new family of univariate distributions generated from the Weibull random variable, called a new Weibull-X family of distributions. Two special sub-models of the proposed family are presented and the shapes of density and hazard functions are investigated. General expressions for some statistical properties are discussed. For the new family, three useful characterizations based on truncated moments are presented. Three different methods to estimate the model parameters are discussed. Monti Carlo simulation study is conducted to evaluate the performances of these estimators. Finally, the importance of the new family is illustrated empirically via two real life applications.
Keywords: Weibull distribution; T-X family; Moment; Characterizations; Order statistics; Estimation (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (2)
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Persistent link: https://EconPapers.repec.org/RePEc:spr:jstada:v:5:y:2018:i:1:d:10.1186_s40488-018-0087-6
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DOI: 10.1186/s40488-018-0087-6
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