Cubic Rank Transmuted Modified Burr III Pareto Distribution: Development, Properties, Characterizations and Applications
The Canadian Center of Science and Education
International Journal of Statistics and Probability
In this paper, a flexible lifetime distribution called Cubic rank transmuted modified Burr III-Pareto (CRTMBIII-P) is developed on the basis of the cubic ranking transmutation map. The density function of CRTMBIII-P is arc, exponential, left-skewed, right-skewed and symmetrical shaped. Descriptive measures such as moments, incomplete moments, inequality measures, residual life function and reliability measures are theoretically established. The CRTMBIII-P distribution is characterized via ratio of truncated moments. Parameters of the CRTMBIII-P distribution are estimated using maximum likelihood method. The simulation study for the performance of the maximum likelihood estimates (MLEs) of the parameters of the CRTMBIII-P distribution is carried out. The potentiality of CRTMBIII-P distribution is demonstrated via its application to the real data sets: tensile strength of carbon fibers and strengths of glass fibers. Goodness of fit of this distribution through different methods is studied.
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Bhatti, Fiaz Ahmad; Hamedani, Gholamhossein G.; Sheng, Wenhui; and Ahmad, Munir, "Cubic Rank Transmuted Modified Burr III Pareto Distribution: Development, Properties, Characterizations and Applications" (2019). Mathematical and Statistical Science Faculty Research and Publications. 18.
ADA Accessible Version
Published version. International Journal of Statistics and Probability, Vol. 8, No. 1 (2019): 94-112. DOI. This article is © 2019 author(s). Used with permission.