Abstract

In this paper, we introduce a new family of continuous distributions called the beta transmuted Dagum distribution which extends the beta and transmuted familys. The genesis of the beta distribution and transmuted map is used to develop the so-called beta transmuted Dagum (BTD) distribution. The hazard function, moments, moment generating function, quantiles and stress-strength of the beta transmuted Dagum distribution (BTD) are provided and discussed in detail. The method of maximum likelihood estimation is used for estimating the model parameters. A simulation study is carried out to show the performance of the maximum likelihood estimate of parameters of the new distribution. The usefulness of the new model is illustrated through an application to a real data set.

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.