A Novel Frechet-Type Probability Distribution: Its Properties and Applications

Muhammad Ali, Alamgir Khalil, Wali Khan Mashwani, Sharifah Alrajhi, Sanaa Al-Marzouki, Kamal Shah and Firdous Khan

Mathematical Problems in Engineering, 2022, vol. 2022, 1-14

Abstract: In this article, a new lifetime model, referred to as modified Frechet–Rayleigh distribution (MFRD), is developed by accommodating an additional parameter in Rayleigh distribution on the basis of the modified Frechet method. Numerous statistical properties of the suggested model are derived and discussed. The technique of maximum likelihood (ML) estimation is adopted to get estimates of the parameters. The suggested model is very flexible and has the capability to model datasets having both monotonic and nonmonotonic failure rates. The proposed model is applied on two real datasets for checking its performance in comparison with available well-known models. The suggested model has shown outclass performance in comparison with the available versions of the Rayleigh distribution used in the literature.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:hin:jnlmpe:2537332

DOI: 10.1155/2022/2537332

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