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Abstract
We introduce a five-parameter continuous model, called the beta exponentiated Lomax distribution, to extend the two-parameter Lomax distribution. Some structural properties of this new distribution such as moments, incomplete moments, mean residual life , mean waiting time and Rényi entropy are obtained. The method of maximum likelihood is proposed for estimating the model parameters. We obtain the observed information matrix. Three real data sets illustrate the importance and flexibility of the proposed model.
Keywords
Beta distribution
Lomax distributions
Maximum likelihood estimation.
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Copyright © 2015 Pakistan Journal of Statistics and Operation Research
Creative Commons Attribution 4.0 International (CC BY 4.0)
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How to Cite
M. E., M. (2016). On Five-Parameter Lomax Distribution:Properties and Applications. Pakistan Journal of Statistics and Operation Research, 12(1), 185-199. https://doi.org/10.18187/pjsor.v11i4.1163