Generalized Power Akshaya Distribution and Its Applications
Ahmed T. Ramadan, Ahlam H. Tolba, B. S. El-Desouky
Abstract
In this paper, a new two-parameter distribution called generalized power Akshaya distribution extended from Akshaya distribution is introduced. This distribution is proposed to model lifetime data. Statistical properties like density, hazard, survival and moments are derived. Two parameters estimation is introduced using maximum likelihood and Bayesian techniques. Finally, an application of real data and a simulation study are introduced to illustrate the usefulness of the proposed distribution.
Topics & Concepts
Distribution (mathematics)Maximum likelihoodComputer sciencePower (physics)MathematicsHazardBayesian probabilityApplied mathematicsStatisticsGeneralized normal distributionMethod of moments (probability theory)Statistical physicsNormal distributionPhysicsEstimatorMathematical analysisOrganic chemistryChemistryQuantum mechanicsStatistical Distribution Estimation and ApplicationsReliability and Maintenance OptimizationHydrology and Drought Analysis