Complete Study of an Original Power-Exponential Transformation Approach for Generalizing Probability Distributions

Autor: Mustafa S. Shama, Farid El Ktaibi, Jamal N. Al Abbasi, Christophe Chesneau, Ahmed Z. Afify
Jazyk: angličtina
Rok vydání: 2023
Předmět:
Zdroj: Axioms, Vol 12, Iss 1, p 67 (2023)
Druh dokumentu: article
ISSN: 2075-1680
DOI: 10.3390/axioms12010067
Popis: In this paper, we propose a flexible and general family of distributions based on an original power-exponential transformation approach. We call it the modified generalized-G (MGG) family. The elegance and significance of this family lie in the ability to modify the standard distributions by changing their functional forms without adding new parameters, by compounding two distributions, or by adding one or two shape parameters. The aim of this modification is to provide flexible shapes for the corresponding probability functions. In particular, the distributions of the MGG family can possess increasing, constant, decreasing, “unimodal”, or “bathtub-shaped“ hazard rate functions, which are ideal for fitting several real data sets encountered in applied fields. Some members of the MGG family are proposed for special distributions. Following that, the uniform distribution is chosen as a baseline distribution to yield the modified uniform (MU) distribution with the goal of efficiently modeling measures with bounded values. Some useful key properties of the MU distribution are determined. The estimation of the unknown parameters of the MU model is discussed using seven methods, and then, a simulation study is carried out to explore the performance of the estimates. The flexibility of this model is illustrated by the analysis of two real-life data sets. When compared to fair and well-known competitor models in contemporary literature, better-fitting results are obtained for the new model.
Databáze: Directory of Open Access Journals
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