TITLE:
Transmuted Exponentiated Moment Pareto Distribution
AUTHORS:
Muhammad Zeshan Arshad, Muhammad Zafar Iqbal, Munir Ahmad
KEYWORDS:
Quadratic Rank Transmutation Map (QRTM), Pareto Distribution, Hazard Function, Fractional Moments, Incomplete Moments, Rényi Entropy
JOURNAL NAME:
Open Journal of Statistics,
Vol.8 No.6,
December
29,
2018
ABSTRACT: In this work, the authors
proposed a four parameter potentiated lifetime model named as Transmuted
Exponentiated Moment Pareto (TEMP) distribution and discussed numerous
characteristic measures of proposed model. Parameters are estimated by the
method of maximum likelihood and performance of these estimates is also
assessed by simulations study. Four suitable lifetime datasets are modeled by
the TEMP distribution and the results support that the proposed model provides
much better results as compared to its sub-models.