The exponentiated akash distribution with properties and applications

Joint Authors

Rashwan, Nasr Ibrahim
Basyuni, Abd al-Rahim Awad

Source

[Journal of Financial and Commercial Research]

Issue

Vol. 22, Issue 3 (31 Jul. 2021), pp.435-445, 11 p.

Publisher

Port Said University Faculty of Commerce

Publication Date

2021-07-31

Country of Publication

Egypt

No. of Pages

11

Main Subjects

Economy and Commerce
Financial and Accounting Sciences

Topics

Abstract EN

In this study, a new two-parameter lifetime distribution named the exponentiated Akash distribution is introduced and studied.

Akash distribution is considered an extension of the lindly distribution and can be easily expressed as a mixture of an exponential distribution with scale parameter (θ) and a gamma distribution with shape parameter equal 3 and scale parameter θ.

The reliability (survival) function, hazard rate function (also known as the failure rate function), the reversed hazard rate and the cumulative hazard rate function of the new distribution are obtained.

Some statistical properties of the exponentiated Akash distribution such as the moments, moment generating function, order statistics, Renyi entropy and quantile function are derived.

The method of maximum likelihood is used to estimate the unknown parameters of this distribution.

Finally, the performance of this new distribution is examined using some real life data sets to show its flexibility and better goodness of fit as compared with other lifetime distributions such as Akash and exponential based on the Akaike information criterion.

American Psychological Association (APA)

Rashwan, Nasr Ibrahim& Basyuni, Abd al-Rahim Awad. 2021. The exponentiated akash distribution with properties and applications. [Journal of Financial and Commercial Research]،Vol. 22, no. 3, pp.435-445.
https://search.emarefa.net/detail/BIM-1251313

Modern Language Association (MLA)

Rashwan, Nasr Ibrahim& Basyuni, Abd al-Rahim Awad. The exponentiated akash distribution with properties and applications. [Journal of Financial and Commercial Research] Vol. 22, no. 3 (Jul. 2021), pp.435-445.
https://search.emarefa.net/detail/BIM-1251313

American Medical Association (AMA)

Rashwan, Nasr Ibrahim& Basyuni, Abd al-Rahim Awad. The exponentiated akash distribution with properties and applications. [Journal of Financial and Commercial Research]. 2021. Vol. 22, no. 3, pp.435-445.
https://search.emarefa.net/detail/BIM-1251313

Data Type

Journal Articles

Language

English

Notes

-

Record ID

BIM-1251313