A new flexible Weibull extension model: Different estimation methods and modeling an extreme value data

The word extreme events refer to unnatural or undesirable events. Due to the general destructive effects on society and scientific problems in various applied fields, the study of extreme events is an important subject for researchers. Many real-life phenomena exhibit clusters of extreme observation...

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Published inHeliyon Vol. 9; no. 11; p. e21704
Main Authors Alshanbari, Huda M., Odhah, Omalsad Hamood, Al-Mofleh, Hazem, Ahmad, Zubair, Khosa, Saima K., El-Bagoury, Abd al-Aziz Hosni
Format Journal Article
LanguageEnglish
Published Elsevier Ltd 01.11.2023
Elsevier
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Abstract The word extreme events refer to unnatural or undesirable events. Due to the general destructive effects on society and scientific problems in various applied fields, the study of extreme events is an important subject for researchers. Many real-life phenomena exhibit clusters of extreme observations that cannot be adequately predicted and modeled by the traditional distributions. Therefore, we need new flexible probability distributions that are useful in modeling extreme-value data in various fields such as the financial sector, telecommunications, hydrology, engineering, and meteorology. In this piece of research work, a new flexible probability distribution is introduced, which is attained by joining together the flexible Weibull distribution with the weighted T-X strategy. The new model is named a new flexible Weibull extension distribution. The distributional properties of the new model are derived. Furthermore, some frequently implemented estimation approaches are considered to obtain the estimators of the new flexible Weibull extension model. Finally, we demonstrate the utility of the new flexible Weibull extension distribution by analyzing an extreme value data set.
AbstractList The word extreme events refer to unnatural or undesirable events. Due to the general destructive effects on society and scientific problems in various applied fields, the study of extreme events is an important subject for researchers. Many real-life phenomena exhibit clusters of extreme observations that cannot be adequately predicted and modeled by the traditional distributions. Therefore, we need new flexible probability distributions that are useful in modeling extreme-value data in various fields such as the financial sector, telecommunications, hydrology, engineering, and meteorology. In this piece of research work, a new flexible probability distribution is introduced, which is attained by joining together the flexible Weibull distribution with the weighted T-X strategy. The new model is named a new flexible Weibull extension distribution. The distributional properties of the new model are derived. Furthermore, some frequently implemented estimation approaches are considered to obtain the estimators of the new flexible Weibull extension model. Finally, we demonstrate the utility of the new flexible Weibull extension distribution by analyzing an extreme value data set.
ArticleNumber e21704
Author Odhah, Omalsad Hamood
El-Bagoury, Abd al-Aziz Hosni
Khosa, Saima K.
Alshanbari, Huda M.
Al-Mofleh, Hazem
Ahmad, Zubair
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  givenname: Abd al-Aziz Hosni
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  fullname: El-Bagoury, Abd al-Aziz Hosni
  email: azizhel2013@yahoo.com
  organization: Basic Sciences Department, Higher Institute of Engineering and Technology, EL-Mahala EL-Kobra, Egypt
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CitedBy_id crossref_primary_10_1016_j_aej_2024_01_068
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crossref_primary_10_1016_j_aej_2024_05_114
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Issue 11
Keywords Extreme value theory
Flexible Weibull extension distribution
Flood data
Estimation
Distributional properties
Language English
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Snippet The word extreme events refer to unnatural or undesirable events. Due to the general destructive effects on society and scientific problems in various applied...
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SubjectTerms Distributional properties
Estimation
Extreme value theory
Flexible Weibull extension distribution
Flood data
Title A new flexible Weibull extension model: Different estimation methods and modeling an extreme value data
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