Document Type

Article

Language

eng

Publication Date

3-1-2019

Publisher

Akadémiai Kiadó

Source Publication

Studia Scientiarum Mathematicarum Hungarica

Source ISSN

0081-6906

Abstract

In this paper, we introduce a new three-parameter generalized version of the Gompertz model called the odd log-logistic Gompertz (OLLGo) distribution. It includes some well-known lifetime distributions such as Gompertz (Go) and odd log-logistic exponential (OLLE) as special sub-models. This new distribution is quite flexible and can be used effectively in modeling survival data and reliability problems. It can have a decreasing, increasing and bathtub-shaped failure rate function depending on its parameters. Some mathematical properties of the new distribution, such as closed-form expressions for the density, cumulative distribution, hazard rate function, the kth order moment, moment generating function and the quantile measure are provided. We discuss maximum likeli- hood estimation of the OLLGo parameters as well as three other estimation methods from one observed sample. The flexibility and usefulness of the new distribution is illustrated by means of application to a real data set.

Comments

Accepted version. Studia Scientiarum Mathematicarum Hungarica, Vol. 56, No. 1 (March 1, 2019): 55-80. DOI. This article is © Akadémiai Kiadó. Used with permission.

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