Presenter(s)

Hannah R. Wabel

Comments

Presentation: 10:45-12:00, Kennedy Union Ballroom

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Description

The Burr Type XII distribution has many applications in several fields including economics and finance. A new four-parameter distribution, called the Gamma-Exponentiated Burr Type XII distribution is presented. The new distribution can be applied to the same areas and should perform better in describing more complicated datasets. Some statistical properties of the new distribution including cumulative distribution function, probability density function, hazard function, moments, skewness and kurtosis are presented. Maximum likelihood estimation technique is used to estimate that model parameters. We provide an application to real data to demonstrate the effectiveness of the proposed distribution. We also compare the distribution to other similar distributions to demonstrate its performance relative to those.

Publication Date

4-17-2024

Project Designation

Capstone Project

Primary Advisor

Gayan J. Warahena Liyanage

Primary Advisor's Department

Mathematics

Keywords

Stander Symposium, College of Arts and Sciences

The Gamma-Exponentiated Burr Type XII Distribution

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