TY - EJOU AU - Ahmadini, Abdullah Ali H. AU - Hassan, Amal AU - Elgarhy, M. AU - Elsehetry, Mahmoud AU - Alshqaq, Shokrya S. AU - Nassr, Said G. TI - Inference of Truncated Lomax Inverse Lomax Distribution with Applications T2 - Intelligent Automation \& Soft Computing PY - 2021 VL - 29 IS - 1 SN - 2326-005X AB - This paper introduces a modified form of the inverse Lomax distribution which offers more flexibility for modeling lifetime data. The new three-parameter model is provided as a member of the truncated Lomax-G procedure. The new modified distribution is called the truncated Lomax inverse Lomax distribution. The density of the new model can be represented as a linear combination of the inverse Lomax distribution. Expansions for quantile function, moment generating function, probability weighted moments, ordinary moments, incomplete moments, inverse moments, conditional moments, and Rényi entropy measure are investigated. The new distribution is capable of monotonically increasing, decreasing, reversed J-shaped and upside-down shaped hazard rates. Maximum likelihood estimators of the population parameters are derived. Also, the approximate confidence interval of parameters is constructed. A simulation study framework is established to assess the accuracy of estimates through some measures. Simulation outcomes show that there is a great agreement between theoretical and empirical studies. The applicability of the truncated Lomax inverse Lomax model is illustrated through two real lifetime data sets and its goodness-of-fit is compared with that of the recent models. In fact, it provides a better fit to these data than the other competitive models. KW - Truncated Lomax-G family; inverse Lomax distribution; maximum likelihood method; moments DO - 10.32604/iasc.2021.017890