The properties of odd Lomax-Dagum distribution and its application

Autor: Peter O. Koleoso
Jazyk: angličtina
Rok vydání: 2023
Předmět:
Zdroj: Scientific African, Vol 19, Iss , Pp e01555- (2023)
Druh dokumentu: article
ISSN: 2468-2276
DOI: 10.1016/j.sciaf.2023.e01555
Popis: An Odd Lomax-Dagum distribution has been developed in this study. The distribution has been developed from Odd Lomax-G family of distributions. The structural characteristics of the distribution have been derived with relevant supporting plots of the probability distribution function (PDF), hazard function, survival function etc. The performance of Odd Lomax-Dagum distribution is examined by fitting it to two skewed datasets, along with Weilbull-Dagum distribution (WeiDaD), Dagum distribution (DaD) and Lomax distribution (LomD). The distribution demonstrated great flexibility in modelling the two datasets as compared to other distributions considered in the study.
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