Abstract
Abstract
This paper provides a new three-parameter lifetime distribution with increasing and decreasing hazard function. The various statistical properties of the proposed distribution are also discussed. The maximum likelihood method is used for estimating the unknown parameters, and its performance is assessed using Monte-Carlo simulation. Finally, three real data sets are applied to illustrate the application of the proposed distribution.
Keywords
- Exponential distribution,
- Hazard function,
- Lifetime,
- Monte-Carlo simulation,
- New modified exponential-geometric distribution
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10.1007/s40096-021-00391-8