Generalized Modified Inverse Weibull Distribution: Its Properties and Applications
Hadi Saboori (),
Ghobad Barmalzan () and
Seyyed Masih Ayat ()
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Hadi Saboori: University of Zabol
Ghobad Barmalzan: University of Zabol
Seyyed Masih Ayat: University of Zabol
Sankhya B: The Indian Journal of Statistics, 2020, vol. 82, issue 2, No 3, 247-269
Abstract In this paper, we introduce a new useful continuous distribution called generalized modified inverse Weibull distribution. This distribution is a four-parameter extension of the modified inverse Weibull which generalizes some well-known distributions. Various statistical and probabilistic properties are derived such as rth moment, moment generating function, Renyi and Shannon entropies and hazard rate function. We also discuss estimation of the parameters by maximum likelihood and provide the information matrix. The likelihood ratio order (which implies the hazard rate and usual stochastic orders) between smallest order statistics from two independent heterogeneous samples of this new family are discussed. Finally, a real numerical example is also considered for illustrative purposes.
Keywords: Modified inverse Weibull distribution; Generalized modified inverse Weibull distribution; Hazard rate function; Maximum likelihood estimation; Order statistics; Stochastic comparisons.; Primary: 62E15; Secondary: 62F10 (search for similar items in EconPapers)
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