The Pareto-Exponential Distribution: Theory and Real-life Applications

Md. Shohel Rana and Md. Mahabubur Rahman
Additional contact information
Md. Shohel Rana: Islamic University, Bangladesh
Md. Mahabubur Rahman: Islamic University, Bangladesh

European Journal of Mathematics and Statistics, 2022, vol. 3, issue 3, 30-39

Abstract: In this article, Pareto-Exponential (PE) distribution, a sub model of the Pareto-X family which is introduced by Rana et al. [1], is explained. The maximum likelihood estimators of the model parameters are find out, and a simulation study is also done. Various distributional properties of the proposed model are illustrated. Some practical- life applications are appraised from different types of fields for examining the applicability of proposed model. The empirical implementation exhibits that the developed model allow greater suitability than any other models applied in this study.

Keywords: Family of distributions; T-X family; Pareto-X family; Pareto-Exponential distribution; Reliability function; Order statistics; Maximum likelihood estimation (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
https://eu-opensci.org/index.php/ejmath/article/view/14116 Abstract page (text/html)
https://eu-opensci.org/index.php/ejmath/article/download/14116/3172 Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:epw:ejmath:v:3:y:2022:i:3:id:14116

DOI: 10.24018/ejmath.2022.3.3.116

Access Statistics for this article

More articles in European Journal of Mathematics and Statistics from European Open Science
Bibliographic data for series maintained by Support Team ().