Exponentiated power generalized Weibull power series family of distributions: Properties, estimation and applications

PLoS One. 2020 Mar 20;15(3):e0230004. doi: 10.1371/journal.pone.0230004. eCollection 2020.

Abstract

In this paper, we introduce the exponentiated power generalized Weibull power series (EPGWPS) family of distributions, obtained by compounding the exponentiated power generalized Weibull and power series distributions. By construction, the new family contains a myriad of new flexible lifetime distributions having strong physical interpretations (lifetime system, biological studies…). We discuss the characteristics and properties of the EPGWPS family, including its probability density and hazard rate functions, quantiles, moments, incomplete moments, skewness and kurtosis. The main vocation of the EPGWPS family remains to be applied in a statistical setting, and data analysis in particular. In this regard, we explore the estimation of the model parameters by the maximum likelihood method, with accuracy supported by a detailed simulation study. Then, we apply it to two practical data sets, showing the applicability and competitiveness of the EPGWPS models in comparison to some other well-reputed models.

MeSH terms

  • Statistics as Topic / methods*

Grants and funding

The authors received no specific funding or sources of support for this work. So: The funders had no role in study design, data collection and analysis, decision to publish, or preparation of the manuscript.