Main Article Content
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.
Article Details
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors who publish with this journal agree to the following License
CC BY: This license allows reusers to distribute, remix, adapt, and build upon the material in any medium or format, so long as attribution is given to the creator. The license allows for commercial use.
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
