The Odd Generalized Rayleigh Reciprocal Weibull Family of Distributions with Applications
Keywords:
Probability weighted moment; residual life function; reverse residual life function; Generalized Rayleigh Reciprocal Weibull; Simulations; Maximum Likelihood Estimation; Key risk indicators
Abstract
We introduced a novel family of models in this paper, which we named the odd-generalized Rayleigh reciprocal Weibull-G (OGR-RW-G) family. This family is noteworthy because it applies the T-X model construction technique to the generalized Rayleigh reciprocal Weibull model, addressing the inflexibility limits associated with traditional models and allowing one to use any baseline distribution. We examine some valuable statistical inferences from the OGR-RW-G, including its probability density function (pdf) represented in a linear fashion, its order statistics' pdf, moments, residual life functions and R\'enyi entropy. Additionally, the hazard rate functions (hrfs) and pdfs of a few particular models are determined to have analytical shapes. The OGR-RW-G model parameters are determined by the widely recognized maximum likelihood estimation (MLE) technique. We also perform a simulation exercise to evaluate the performance of the MLEs. Ultimately, the utility of the OGR-RW-G family is demonstrated by using the odd generalized Rayleigh reciprocal Weibull Burr-XII (OGR-RW-BXII) example of the OGR-RW-G to two distinct datasets. In actuality, the four parameter OGR-RW-BXII outperforms the four parameter non-nested models and some nested models that are presented.
Published
2025-02-01
How to Cite
Musekwa, R. R., Makubate, B., & Nyamajiwa, V. (2025). The Odd Generalized Rayleigh Reciprocal Weibull Family of Distributions with Applications. Statistics, Optimization & Information Computing. https://doi.org/10.19139/soic-2310-5070-2194
Issue
Section
Research Articles
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