This paper develops an analytical framework to analyse important performance metrics of the wireless communication system over generic fading channels characterized by α−μ/Inverse Gaussian (IG), η−μ/IG, and κ−μ/IG distributions. The important performance metrics, namely, the outage probability (OP), the amount of fading (AOF), the average symbol error probability (SEP) of coherent and non-coherent schemes, the channel capacity under optimal rate adaptation (ORA), channel inversion with fixed rate (CIFR), and truncated CIFR (TCIFR) policy are analysed. Further, low and high signal-to-noise-ratio (SNR) approximations for channel capacity are presented. Furthermore, for asymptotic analysis the approximate composite probability density function (PDF) at the origin was developed and utilized to derive the closed-form expressions for the average SEP of both coherent and non-coherent modulation schemes with maximal ratio combining (MRC), equal gain combining (EGC), and selection combining (SC) diversity schemes. The proposed asymptotic solutions are simple and can be easily used to describe the system behaviour at high SNR. The correctness of the derived results has been verified by comparing them with Monte Carlo simulations.
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