Abstract

An extended form of Weibull distribution is suggested which has two shape parameters ( m and δ ). Introduction of another shape parameter δ helps to express the extended Weibull distribution not only as an exact form of a mixture of distributions under certain conditions, but also provides extra flexibility to the density function over positive range. The shape of density function of the extended Weibull type distribution for various values of the parameters is shown which may be of some interest to Bayesians. Certain statistical properties such as hazard rate function, mean residual function, r th moment are defined explicitly. The proposed extended Weibull distribution is used to derive an exact form of two, three and k -component mixture of distributions. With the help of a real data set, the usefulness of mixture Weibull type distribution is illustrated by using Markov Chain Monte Carlo (MCMC), Gibbs sampling approach.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.