Journals / Hacettepe Journal of Mathematics and Statistics / 2016 / Cilt: 45 - Sayı: 1

The Weibull-power function distribution with applications

Pages
245–265
Publication Date
2022-10-18
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

In fact, the new model provides a better fit to these data than the additive Weibull, modified Weibull, Sarahan-Zaindin modified Weibull and beta-modified Weibull distributions, suggesting that it is a reasonable candidate for modeling survival data.

📌 3 Key Takeaways

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Objective & Hypothesis:Recently, several attempts have been made to define new models that extend well-known distributions and at the same time provide great flexibility in modelling real data.
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Key Findings & Data:We propose a new four-parameter model named the Weibull-power function (WPF) distribution which exhibits bathtub-shaped hazard rate.
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Conclusion & Impact:In fact, the new model provides a better fit to these data than the additive Weibull, modified Weibull, Sarahan-Zaindin modified Weibull and beta-modified Weibull distributions, suggesting that it is a reasonable candidate for modeling survival data.
🔬Design:Modeling & Simulation
📍Scope:Comprehensive Sample
⚙️Variables:Generalized uniform distribution · moments · power function distribution

Abstract

Recently, several attempts have been made to define new models that extend well-known distributions and at the same time provide great flexibility in modelling real data. We propose a new four-parameter model named the Weibull-power function (WPF) distribution which exhibits bathtub-shaped hazard rate. Some of its statistical properties are obtained including ordinary and incomplete moments, quantile and generating functions, Rényi and Shannon entropies, reliability and order statistics. The model parameters are estimated by the method of maximum likelihood. A bivariate extension is also proposed. The new distribution can be implemented easily using statistical software packages. We investigate the potential usefulness of the proposed model by means of two real data sets. In fact, the new model provides a better fit to these data than the additive Weibull, modified Weibull, Sarahan-Zaindin modified Weibull and beta-modified Weibull distributions, suggesting that it is a reasonable candidate for modeling survival data.

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Cite This Article

TAHİR, M. H., CORDEİRO, G. M., MANSOOR, M., ZUBAİRK, M., ALİZADEH, M. (2022). The Weibull-power function distribution with applications. Hacettepe Journal of Mathematics and Statistics, Cilt: 45 - Sayı: 1, 245–265. https://ajindex.com/articles/530103

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