A Unit Half-Logistic Geometric Distribution and Its Application in Insurance

Autor:	Ahmed T. Ramadan, Ahlam H. Tolba, Beih S. El-Desouky
Jazyk:	angličtina
Rok vydání:	2022
Předmět:	half logistic-geometric distribution unit distributions parameter estimation methods regression models risk survey data Mathematics QA1-939
Zdroj:	Axioms, Vol 11, Iss 12, p 676 (2022)
Druh dokumentu:	article
ISSN:	2075-1680
DOI:	10.3390/axioms11120676
Popis:	A new one parameter distribution recently was proposed for modelling lifetime data called half logistic-geometric (HLG) distribution. In this paper, appropriate transformation is considered for HLG distribution and a new distribution is derived called unit half logistic-geometric (UHLG) distribution for modelling bounded data in the interval (0, 1). Some important statistical properties are investigated with a closed form quantile function. Some methods of parameter estimation are introduced to evaluate the distribution parameter and a simulation study is introduced to compare these different methods. A real data application in the insurance field is introduced to show the flexibility of the new distribution modelling such data comparing with other distributions.
Databáze:	Directory of Open Access Journals
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