Aisha Fayomi1, Christophe Chesneau2,*, Farrukh Jamal3, Ali Algarni1
CMES-Computer Modeling in Engineering & Sciences, Vol.136, No.3, pp. 2371-2403, 2023, DOI:10.32604/cmes.2023.027000
- 09 March 2023
Abstract In this article, we highlight a new three-parameter heavy-tailed lifetime distribution that aims to extend the
modeling possibilities of the Lomax distribution. It is called the extended Lomax distribution. The considered
distribution naturally appears as the distribution of a transformation of a random variable following the logweighted power distribution recently introduced for percentage or proportion data analysis purposes. As a result,
its cumulative distribution has the same functional basis as that of the Lomax distribution, but with a novel
special logarithmic term depending on several parameters. The modulation of this logarithmic term reveals new
types… More >
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