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AFRICAN RESEARCH NEXUS

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business, management and accounting

Unit Modified Burr-III Distribution: Estimation, Characterizations and Validation Test

Annals of Data Science, Volume 10, No. 2, Year 2023

In this paper, a new three-parameter unit probability distribution is proposed. The new model is a generalization of Burr III distribution, and it is more flexible than some existing well-known distribution due to its different shapes of the hazard function and probability density functions. The mathematical properties of this distribution are presented, including moments, reliability measures, mean residual life, and characterizations, and we also propose a modified Chi squared goodness-of-fit test based on Nikulin–Rao–Robson statistic Y2 in the presence of complete and censored data. The parameters related to the proposed distribution are estimated using well-known estimation methods. A numerical simulations study is conducted for reinforcement of the results. In the end, we considered two real datasets to illustrate the applicability of the proposed model.
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Environmental