THE EXPONENTIATED GENERALIZED POWER FUNCTION DISTRIBUTION: THEORY AND REAL LIFE APPLICATIONS

2020 ◽  
Vol 61 (1) ◽  
pp. 33-63
Author(s):  
Azam Zaka ◽  
Ahmad Saeed Akhter ◽  
Riffat Jabeen
Author(s):  
Xuechen Liu ◽  
Muhammad Arslan ◽  
Majid Khan ◽  
Syed Masroor Anwar ◽  
Zahid Rasheed

The power function distribution is a flexible waiting time model that may provide better fit for some failure data. This paper presents the comparison of the maximum likelihood estimates and the Bayes estimates of two-parameter power function distribution. The Bayes estimates are obtained, using conjugate priors, under five loss functions consist of square error, precautionary, weighted, LINEX and DeGroot loss function. The Gibbs sampling algorithm is proposed to generate samples from posterior distributions and in result the Bayes estimates are computed. The comparison of the maximum likelihood estimates and the Bayes estimates are done through the root mean squared errors. One real-life data set is analyzed to illustrate the evaluation of proposed methods of estimation. Finally, results from the simulation are discussed to assess the performance behavior of the maximum likelihood estimates and the Bayes estimates.


2020 ◽  
Vol 5 (5) ◽  
pp. 5031-5054
Author(s):  
Azam Zaka ◽  
◽  
Ahmad Saeed Akhter ◽  
Riffat Jabeen ◽  

2018 ◽  
Vol 7 (5) ◽  
pp. 1
Author(s):  
Shakila Bashir ◽  
Mujahid Rasul

A variety of research papers have been published on record values from various continuous distributions. This paper investigated lower record values from the size-biased power function distribution (LR-SPFD). Some basic properties including moments, skewness, kurtosis, Shannon entropy, cumulative distribution function, survival function and hazard function of the lower record values from SPFD have been discussed. The joint probability density function (pdf) of $n^{th}$ and $m^{th}$ lower record values from SPFD is developed. Recurrence relations of the single and product moments of the LR-SPFD have been derived. A characterization of the lower record values from SPFD is also developed.


2012 ◽  
Vol 32 (2) ◽  
pp. 4-16
Author(s):  
Shashi Saxena ◽  
Shazia Zarrin ◽  
Mustafa Kamal ◽  
Arif-ul-lslam

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