The Power Lomax-Generated Family of Distributions
Keywords:
T-X family, power Lomax generated family, power Lomax-normal, power LomaxWeibull, power Lomax-beta, maximum likelihood estimationAbstract
In this paper, a family of distributions named the power Lomax-generated family is presented. It is derived from the T-X family by using the power Lomax as its generator. Some distributions are derived from the proposed family, such as the power Lomax-normal, power Lomax-Weibull, and power Lomax-beta distributions. Various properties of the proposed family, including the quantile function, skewness, kurtosis, order statistics, and moments, are provided. The maximum likelihood (ML) method is used to estimate the parameters of the proposed distribution. Moreover, the simulation study demonstrates how well the ML method performs when estimating the parameters of some submodels in the proposed family, such as the power Lomax-Weibull distribution. Finally, real data sets are utilized to showcase the practicality of this newly established family.
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