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207386

Univariate and Bivariate Alpha-Power Transformed Lomax Distribution: Properties and Application

Article

Last updated: 22 Jan 2023

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Tags

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Abstract

A new method for adding parameters to a well-established distribution to obtain more flexible new families of distributions is applied to Lomax distribution (LD). This method is known as the Alpha-Power transformation (APT) and introduced by Mahdavi and Kundu (2015). The reliability and statistical properties of the proposed models are studied. Maximum likelihood method of estimation is utilized to obtain the estimators of the population parameters. The extended model is applied on a real data and the results are given and compared to other models. Also, a bivariate distribution was constructed from the proposed distribution using the Farlie-Gumbel-Morgenstern (FGM) copula. Some characteristics of this distribution and the estimation using the maximum likelihood are shown on a real data.

DOI

10.21608/cfdj.2021.207386

Keywords

Alpha- power transformation, Lomax distribution, Moment Generating function, Maximum likelihood estimation, FGM bivariate Distribution

Authors

First Name

yasser

Last Name

Anmer

MiddleName

-

Affiliation

1Cairo Higher Institutes in Mokattam

Email

yasseramer4@yahoo.com

City

cairo

Orcid

-

First Name

dina

Last Name

Abdelhady

MiddleName

-

Affiliation

Tanta University

Email

dina.abdelhady@commerce.tanta.edu.eg

City

tanta

Orcid

-

First Name

rania

Last Name

shalabi

MiddleName

-

Affiliation

The Higher Institute of Managerial Science, 6th of October, Giza, Egypt

Email

ronashalabi@yahoo.com

City

cairo

Orcid

-

Volume

3

Article Issue

1

Related Issue

29193

Issue Date

2022-01-01

Receive Date

2021-05-24

Publish Date

2022-01-01

Page Start

351

Page End

396

Print ISSN

2682-3403

Online ISSN

2682-4531

Link

https://cfdj.journals.ekb.eg/article_207386.html

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https://cfdj.journals.ekb.eg/service?article_code=207386

Order

11

Type

المقالة الأصلية

Type Code

1,242

Publication Type

Journal

Publication Title

المجلة العلمية للدراسات والبحوث المالية والتجارية

Publication Link

https://cfdj.journals.ekb.eg/

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Details

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Article

Created At

22 Jan 2023