Volume 20, Issue 1 (6-2021)                   JIRSS 2021, 20(1): 101-121 | Back to browse issues page

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National College of Business Administration and Economics, Lahore, PAKISTAN , fiazahmad72@gmail.com
Abstract:   (1998 Views)

We introduce a flexible lifetime distribution called Burr III-Inverse Weibull (BIII-IW). The new proposed distribution has well-known sub-models. The BIII-IW density function includes exponential, left-skewed, right-skewed and symmetrical shapes. The BIII-IW model’s failure rate can be monotone and non-monotone depending on the parameter values. To show the importance of the BIII-IW distribution, we establish various mathematical properties such as random number generator, ordinary moments, conditional moments, residual life functions, reliability measures and characterizations. We address the maximum likelihood estimates (MLE) for the BIII-IW parameters and estimate the precision of the maximum likelihood estimators via a simulation study. We consider applications to two COVID-19 data sets to illustrate the potential of the BIII-IW model.

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Type of Study: Special Issue, Original Paper | Subject: 62Pxx: Applications
Received: 2020/06/28 | Accepted: 2021/01/30 | Published: 2021/06/20

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