Harris Extended Power Lomax Distribution: Properties, Inference and Applications

Adebisi Ade Ogunde, Victoria Eshomomoh Laoye, Ogbonnaya Nzie Ezichi and Kayode Oguntuase Balogun

International Journal of Statistics and Probability, 2021, vol. 10, issue 4, 77

Abstract: In this work, we present a five-parameter life time distribution called Harris power Lomax (HPL) distribution which is obtained by convoluting the Harris-G distribution and the Power Lomax distribution. When compared to the existing distributions, the new distribution exhibits a very flexible probability functions; which may be increasing, decreasing, J, and reversed J shapes been observed for the probability density and hazard rate functions. The structural properties of the new distribution are studied in detail which includes- moments, incomplete moment, Renyl entropy, order statistics, Bonferroni curve, and Lorenz curve etc. The HPL distribution parameters are estimated by using the method of maximum likelihood. Monte Carlo simulation was carried out to investigate the performance of MLEs. Aircraft wind shield data and Glass fibre data applications demonstrate the applicability of the proposed model.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ibn:ijspjl:v:10:y:2021:i:4:p:77

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