Research Article

A new closed form for Libby-Novick beta class of generalized distributions with applications to Weibull model.

Volume: 2 Number: 1 June 30, 2021
TR EN

A new closed form for Libby-Novick beta class of generalized distributions with applications to Weibull model.

Abstract

It is useful to derive new classes of distributions having a simple closed form instead of classes having no closed form to get better flexibility in deriving mathematical properties, generating random numbers and applying real data sets. In this paper, a new closed form class of generalized distributions, so-called the modified Libby-Novick (MLN) class, is derived from the implicit form of Libby-Novick beta class. Two important classes of distributions are nested by the MLN class. Some generalized mathematical properties are derived and the MLN class parameters estimation using maximum likelihood estimation (MLE) method is obtained. A simulation study using bootstrapping approach is applied to investigate the estimators behavior of the MLN-Weibull (MLN-W) distribution. A real data set is used to illustrate the potentiality of the MLN-W

Keywords

References

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Details

Primary Language

English

Subjects

Statistics

Journal Section

Research Article

Publication Date

June 30, 2021

Submission Date

May 13, 2021

Acceptance Date

May 29, 2021

Published in Issue

Year 2021 Volume: 2 Number: 1

APA
Ahmed, M. (2021). A new closed form for Libby-Novick beta class of generalized distributions with applications to Weibull model. Journal of Statistics and Applied Sciences, 2(1), 23-42. https://doi.org/10.52693/jsas.936902
AMA
1.Ahmed M. A new closed form for Libby-Novick beta class of generalized distributions with applications to Weibull model. JSAS. 2021;2(1):23-42. doi:10.52693/jsas.936902
Chicago
Ahmed, Mohamed. 2021. “A New Closed Form for Libby-Novick Beta Class of Generalized Distributions With Applications to Weibull Model”. Journal of Statistics and Applied Sciences 2 (1): 23-42. https://doi.org/10.52693/jsas.936902.
EndNote
Ahmed M (June 1, 2021) A new closed form for Libby-Novick beta class of generalized distributions with applications to Weibull model. Journal of Statistics and Applied Sciences 2 1 23–42.
IEEE
[1]M. Ahmed, “A new closed form for Libby-Novick beta class of generalized distributions with applications to Weibull model”., JSAS, vol. 2, no. 1, pp. 23–42, June 2021, doi: 10.52693/jsas.936902.
ISNAD
Ahmed, Mohamed. “A New Closed Form for Libby-Novick Beta Class of Generalized Distributions With Applications to Weibull Model”. Journal of Statistics and Applied Sciences 2/1 (June 1, 2021): 23-42. https://doi.org/10.52693/jsas.936902.
JAMA
1.Ahmed M. A new closed form for Libby-Novick beta class of generalized distributions with applications to Weibull model. JSAS. 2021;2:23–42.
MLA
Ahmed, Mohamed. “A New Closed Form for Libby-Novick Beta Class of Generalized Distributions With Applications to Weibull Model”. Journal of Statistics and Applied Sciences, vol. 2, no. 1, June 2021, pp. 23-42, doi:10.52693/jsas.936902.
Vancouver
1.Mohamed Ahmed. A new closed form for Libby-Novick beta class of generalized distributions with applications to Weibull model. JSAS. 2021 Jun. 1;2(1):23-42. doi:10.52693/jsas.936902