The Kumaraswamy transmuted Pareto distribution

In this work, a new five-parameter Kumaraswamy transmuted Pareto ( Kw TP) distribution is introduced and studied. We discuss various mathematical and statistical properties of the distribution including obtaining expressions for the moments, quantiles, mean deviations, skewness, kurtosis, reliabilit...

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Bibliographic Details
Published inJournal of statistical distributions and applications Vol. 4; no. 1; p. 1
Main Authors Chhetri, Sher B., Akinsete, Alfred A., Aryal, Gokarna, Long, Hongwei
Format Journal Article
LanguageEnglish
Published Berlin/Heidelberg Springer Berlin Heidelberg 15.08.2017
Springer Nature B.V
Subjects
Humanities and Social Sciences
Kurtosis
Mathematics and Statistics
multidisciplinary
Parameter estimation
Quantiles
Science
Statistical Theory and Methods
Statistics
Statistics and Computing/Statistics Programs
Maximum likelihood estimation
12
Pareto distribution
Hazard function
15
05
Quadratic rank transmutation map (QRTM)
60
Kumaraswamy distribution
62
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Summary:In this work, a new five-parameter Kumaraswamy transmuted Pareto ( Kw TP) distribution is introduced and studied. We discuss various mathematical and statistical properties of the distribution including obtaining expressions for the moments, quantiles, mean deviations, skewness, kurtosis, reliability and order statistics. The estimation of the model parameters is performed by the method of maximum likelihood. We compare the distribution with few other distributions to show its versatility in modeling data with heavy tail.
ISSN:2195-5832
2195-5832
DOI:10.1186/s40488-017-0065-4