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