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Abstract

In this paper, a new five-parameter model called alpha power exponentiated new Weibull-Pareto distribution is introduced based on a new developing technique. We derived some properties relating to the proposed distribution, including moments, moment generating function, quantile function, mean residual life and mean waiting time, and order statistics of the new model. The model parameters are estimated using the maximum likelihood method. Some simulation studies are performed to investigate the effectiveness of the estimates. Finally, we used three real-life data sets to show the flexibility of the introduced distribution.

Keywords

Alpha Power Transformation Exponentiated Method T-X Family New Weibull-Pareto Distribution Maximum Likelihood Estimation

Article Details

How to Cite
Aljuhani, W., Klakattawi, H. S., & Baharith, L. A. (2022). Alpha Power Exponentiated New Weibull-Pareto Distribution: Its Properties and Applications. Pakistan Journal of Statistics and Operation Research, 18(3), 703-720. https://doi.org/10.18187/pjsor.v18i3.3937