ODD GOMPERTZ-G FAMILY OF DISTRIBUTION, ITS PROPERTIES AND APPLICATIONS

Authors

Keywords:

Gompertz distribution, odd Gompertz-G Family, exponential distribution, maximum likelihood, Simulation

Abstract

In this research paper, we introduced a novel generator derived from the continuous Gompertz distribution, known as the odd Gompertz-G distribution family. We conducted an in-depth analysis of the statistical characteristics of this family, including moments, moment-generating functions, quantile functions, survival functions, hazard functions, entropies, and order statistics. Within this family, we also derived a specific distribution called the odd Gompertz-Exponential distribution. To evaluate the reliability of the distribution's parameters, we employed Monte Carlo simulations. Furthermore, we assessed the applicability of this newly proposed distribution family by examining its performance on real-world data and the results demonstrate that the new model (OG-E) outperformed its comparators under consideration.

Dimensions

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Published

14-11-2023

How to Cite

ODD GOMPERTZ-G FAMILY OF DISTRIBUTION, ITS PROPERTIES AND APPLICATIONS. (2023). FUDMA JOURNAL OF SCIENCES, 7(3), 351-358. https://doi.org/10.33003/fjs-2023-0703-2034

Issue

Vol. 7 No. 3 (2023): FUDMA Journal of Sciences - Vol. 7 No. 3

Section

Research Articles
Copyright & Licensing

FUDMA Journal of Sciences

How to Cite

ODD GOMPERTZ-G FAMILY OF DISTRIBUTION, ITS PROPERTIES AND APPLICATIONS. (2023). FUDMA JOURNAL OF SCIENCES, 7(3), 351-358. https://doi.org/10.33003/fjs-2023-0703-2034

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