A New Generalized Weibull- Odd Frѐchet Family of Distributions: Statistical Properties and Applications
A. Usman, S. I. S. Doguwa, B. B. Alhaji, A. T. Imam
Asian Journal of Probability and Statistics · pp. 25–43 · Published 25 Oct 2020
10.9734/ajpas/2020/v9i330228Abstract
We introduced a new generalized Weibull- Odd Frѐchet family of distributions with three extra parameters and we derived some of its structural properties. We derived comprehensive mathematical properties which include moments, moment generating function, Entropies and Order Statistics. One family of this distribution called new generalized Weibull- Odd Frѐchet -Frѐchet distribution is used to fit two data sets using the MLE procedure. A Monte Carlo simulation is used to test the robustness of the parameters of this distribution, in terms of the bias and mean squared error. The results of fitting this new distribution to two different data sets suggest that the new distribution outperforms its competitors.
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