EconPapers    
Economics at your fingertips  
 

A New Generalization of the Extended Exponential Distribution with an Application

Devendra Kumar () and Manoj Kumar
Additional contact information
Devendra Kumar: Central University of Haryana
Manoj Kumar: Central University of Haryana

Annals of Data Science, 2019, vol. 6, issue 3, No 4, 462 pages

Abstract: Abstract We introduce a new lifetime distribution namely, transmuted extended exponential distribution which generalizes the extended exponential distribution proposed by Nadarajah and Haghighi (Statistics 45:543–558, 2011) with an additional parameter using the quadratic rank transmutation map which was studied by Shaw and Buckley (The alchemy of probability distributions: beyond Gram-Charlier expansions, and a skew-kurtotic-normal distribution from a rank transmutation map, 2009. arXiv:0901.0434) to provide greater flexibility in modeling data from a practical point of view. In this paper, our main focus is on estimation from frequentist point of view, yet, some statistical and reliability characteristics for the model are derived. We briefly describe different estimation procedures namely, the method of maximum likelihood estimation, maximum product of spacings estimation and least square estimation. Monte Carlo simulations are performed to compare the performance of the proposed methods of estimations for both small and large samples. Finally, the potentiality of the model is analyzed by means of one real data set.

Keywords: Hazard rate function; Least square estimation; Maximum likelihood estimation; Method of maximum product spacing; Transmuted extended exponential distribution (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://link.springer.com/10.1007/s40745-018-0181-0 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

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:spr:aodasc:v:6:y:2019:i:3:d:10.1007_s40745-018-0181-0

Ordering information: This journal article can be ordered from
https://www.springer ... gement/journal/40745

DOI: 10.1007/s40745-018-0181-0

Access Statistics for this article

Annals of Data Science is currently edited by Yong Shi

More articles in Annals of Data Science from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2025-03-20
Handle: RePEc:spr:aodasc:v:6:y:2019:i:3:d:10.1007_s40745-018-0181-0