The unit ratio-extended Weibull family and the dropout rate in Brazilian undergraduate courses
Fernando A Peña-Ramírez,
Renata R Guerra and
Charles Peixoto Mafalda
PLOS ONE, 2023, vol. 18, issue 11, 1-22
Abstract:
We propose a new family of distributions, so-called the unit ratio-extended Weibull family (U R E W). It is derived from ratio transformation in an extended Weibull random variable. The use of this transformation is a novelty of the work since it has been less explored than the exponential and has not yet been studied within the extended Weibull class. Moreover, we offer a valuable alternative to model double-bounded variables on the unit interval. Five U R E W special models are studied in detail, namely the: i) unit ratio-Gompertz; ii) unit ratio-Burr XII; iii) unit ratio-Lomax; v) unit ratio-Rayleigh, and vi) unit ratio-Weibull distributions. We propose a quantile-parameterization for the new family. The maximum likelihood estimators (MLEs) are presented. A Monte Carlo study is performed to evaluate the behavior of the MLEs of unit ratio-Gompertz and unit ratio-Rayleigh distributions. This last model has closed-form and approximately unbiased MLE for small sample sizes. Further, the U R E W submodels are adjusted to the dropout rate in Brazilian undergraduate courses. We focus on the areas of civil engineering, economics, computer sciences, and control engineering. The applications show that the new family is suitable for modeling educational data and may provide effective alternatives compared to other usual unit models, such as the Beta, Kumaraswamy, and unit gamma distributions. They can also outperform some recent contributions in the unit distribution literature. Thus, the U R E W family can provide competitive alternatives when those models are unsuitable.
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:plo:pone00:0290885
DOI: 10.1371/journal.pone.0290885
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