Some Remarks on Odd Burr III Weibull Distribution

Rana Muhammad Usman () and Muhammad Ahsan ul Haq ()
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Rana Muhammad Usman: University of the Punjab
Muhammad Ahsan ul Haq: University of the Punjab

Annals of Data Science, 2019, vol. 6, issue 1, No 2, 38 pages

Abstract: Abstract In this study, a univariate model named as Odd Burr III Weibull distribution is developed. This study explains the behavior of the newly developed model and also presents its failure and survival rate functions. Moreover, some unambiguous expression for ordinary moments, moment generating function, incomplete moments, random number generator, mean deviation, entropies and order statistic are provided in this paper. We also discuss the estimation of parameters by using maximum likelihood estimation method. Finally, two real life applications are also provided to observe the flexibility of observed model as compared to some existing models.

Keywords: Odd Bur III; Failure rate function; Incomplete moments; Orders statistic; Maximum likelihood estimation (search for similar items in EconPapers)
Date: 2019
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DOI: 10.1007/s40745-019-00191-x

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