Author(s):
1. Selim Gündüz:
Department of Business, Adana Alparslan Türkeş Science and Technology University, Adana, Turkey
2. Mustafa Ç. Korkmaz:
Department of Measurement and Evaluation, Artvin Çoruh University, Artvin, Turkey
Abstract:
This paper proposes a new probability distribution, which belongs a member of the exponential family, defined on (0,1) unit interval. The new unit model has been defined by relation of a random variable defined on unbounded interval with respect to standard logistic function. Some basic statistical properties of newly defined distribution are derived and studied. The different estimation methods and some inferences for the model parameters have been derived. We assess the performance of the estimators of these estimation methods based on the three different simulation scenarios. The analysis of three real data examples which one is related to the coronavirus data, show better fit of proposed distribution than many known distributions on the unit interval under some comparing criteria.
Page(s):
471-490
Published:
Journal: Pakistan Journal of Statistics and Operation Research, Volume: 16, Issue: 3, Year: 2020
Keywords:
Beta distribution
,
Johnsons Distributions
,
Unit Distribution
,
Exponential Family
,
Point Estimation
References:
References are not available for this document.
Citations
Citations are not available for this document.