Abstract
In this study, weighted-exponential regression model is proposed for modeling the right-skewed response variable as an alternative to the gamma regression model. The maximum likelihood, method of moments, least-squares and weighted least-squares estimation methods are used to estimate unknown parameters of re-parametrized weighted-exponential distribution. The simulation study is conducted to compare the efficiencies of parameter estimation methods. An application on coalition duration dataset is given to demonstrate the usefulness of proposed regression model against the gamma regression model. The residual analysis is performed to evaluate the accuracy of the fitted model. Empirical findings show that the weighted-exponential regression model provides better fits than the gamma regression model and could be a good choice for modeling the right-skewed response variable.
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More From: International Journal of Modeling, Simulation, and Scientific Computing
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