A New Generalized Lomax Model: Statistical Properties And Applications
Volume 18, Issue 1 (2020), pp. 190–217
Pub. online: 4 August 2022
Type: Research Article
Open Access
Published
4 August 2022
4 August 2022
Abstract
In this paper, a new version of the Poisson Lomax distributions is proposed and studied. The new density is expressed as a linear mixture of the Lomax densities. The failure rate function of the new model can be increasing-constant, increasing, U shape, decreasing and upside down-increasing. The statistical properties are derived and four applications are provided to illustrate the importance of the new density. The method of maximum likelihood is used to estimate the unknown parameters of the new density. Adequate fitting is provided by the new model.