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Abstract

In this work, a new distribution called the Chen Pareto distribution was derived using the Chen-G family of distributions. The mixture representation of the distribution was obtained. Furthermore, some statistical properties such as moments, moment generating functions, order statistics properties of the distribution were explored. The parameter estimation for the distribution was done using the maximum likelihood estimation method and the performance of estimators was assessed by conducting an extensive simulation study. The distribution was applied to a real dataset in which it performs best when compared to some related distributions

Keywords

Estimation Simulation Chen-G Pareto distribution Statistical properties

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How to Cite
Awodutire, P. (2020). Chen Pareto Distribution:Properties and Application. Pakistan Journal of Statistics and Operation Research, 16(4), 812-826. https://doi.org/10.18187/pjsor.v16i4.3418

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