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A New Power Topp–Leone distribution with applications to engineering and industry data

Mintodê Nicodème Atchadé, Melchior N’bouké, Aliou Moussa Djibril, Shabnam Shahzadi, Eslam Hussam, Ramy Aldallal, Huda M. Alshanbari, Ahmed M. Gemeay, Abd Al-Aziz Hosni El-Bagoury

2023PLoS ONE26 citationsDOIOpen Access PDF

Abstract

We introduced a brand-new member of the family that is going to be referred to as the New Power Topp-Leone Generated (NPTL-G). This new member is one of a kind. Given the major functions that created this new member, important mathematical aspects are discussed in as much detail as possible. We derived some functions for the new one, included the Rényi entropy, the qf, series development, and moment weighted probabilities. Moreover, to estimate the values of the parameters of our model that were not known, we employed the maximum likelihood technique. In addition, two actual datasets from the real world were investigated in order to bring attention to the possible applications of this novel distribution. This new model performs better than three key rivals based on the measurements that were collected.

Topics & Concepts

Computer scienceEntropy (arrow of time)Maximum likelihoodPrinciple of maximum entropyDistribution (mathematics)EconometricsApplied mathematicsMathematicsData miningStatistical physicsStatisticsArtificial intelligenceMathematical analysisPhysicsQuantum mechanicsStatistical Distribution Estimation and ApplicationsProbabilistic and Robust Engineering DesignFinancial Risk and Volatility Modeling
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