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Odd Lindley-Lomax Model: Statistical Properties and Applications

Author(s)
M. Masoom Ali Department of Mathematical Sciences, Ball State University Muncie, Indiana 47306 USA
Mustafa Ç. Korkmaz Deparment of Measurement and Evaluation, Artvin Çoruh University City Campus, Artvin 08000 Turkey
Haitham M. Yousof Department of Statistics, Mathematics and Insurance Benha University, Egypt
Nadeem Shafique Butt Department of Family and Community Medicine King Abdul Aziz University Jeddah, Kingdom of Saudi Arabia
Abstract
In this work, we focus on some new theoretical and computational aspects of the Odd LindleyLomax model. The maximum likelihood estimation method is used to estimate the model parameters. We show empirically the importance and flexibility of the new model in modeling two types of aircraft windshield lifetime data. This model is much better than exponentiated Lomax, gamma Lomax, beta Lomax and other Lomax models so that the Odd Lindley-Lomax lifetime model is a good alternative to these models in modeling aircraft windshield data. A Monte Carlo simulation study is used to assess the performance of the maximum likelihood estimators.
Publication Details
Page(s) 419-430
DOI DOI not available
Published Journal: Pakistan Journal of Statistics and Operation Research, Volume: 15, Issue: 2, Year: 2019

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Keywords
Estimation, Lomax model, Odd Lindley-G Family
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