Cubic Transmuted Pareto Distribution

Md. Mahabubur Rahman (), Bander Al-Zahrani () and Muhammad Qaiser Shahbaz ()
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Md. Mahabubur Rahman: King Abdulaziz University
Bander Al-Zahrani: King Abdulaziz University
Muhammad Qaiser Shahbaz: King Abdulaziz University

Annals of Data Science, 2020, vol. 7, issue 1, No 7, 108 pages

Abstract: Abstract In this article, we have proposed the cubic transmuted Pareto distribution, by using the cubic transmuted family of distributions introduced by Rahman et al. (in Pak J Stat Oper Res 14:451–469, 2018). We have explored the distribution in detail and statistical properties of the distribution have been studied. The parameter estimation for the distribution has been discussed and the performance of estimators is studied by conducting extensive simulation study. Finally, the cubic transmuted Pareto distribution has been fitted on two real datasets to investigate it’s applicability.

Keywords: Cubic transmutation; Entropy; Maximum likelihood estimation; Order statistics; Pareto distribution; Reliability analysis (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (4)

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DOI: 10.1007/s40745-018-0178-8

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