A New Distribution for Modeling Extreme Values
Volume 17, Issue 3 (2019), pp. 481–503
Pub. online: 4 August 2022
Type: Research Article
Open Access
Published
4 August 2022
4 August 2022
Abstract
In this work, we introduce a new distribution for modeling the extreme values. Some important mathematical properties of the new model are derived. We assess the performance of the maximum likelihood method in terms of biases and mean squared errors by means of a simulation study. The new model is better than some other important competitive models in modeling the repair times data and the breaking stress data.