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  • Statistics In Transition

 

Article | 20-December-2020

A new generalization of the Pareto distribution and its applications

This paper introduces a new generalization of the Pareto distribution using the MarshallOlkin generator and the method of alpha power transformation. This new model has several desirable properties appropriate for modelling right skewed data. The Authors demonstrate how the hazard rate function and moments are obtained. Moreover, an estimation for the new model parameters is provided, through the application of the maximum likelihood and maximum product spacings methods, as well as the Bayesian

Ehab M. Almetwally, Hanan A. Haj Ahmad

Statistics in Transition New Series, Volume 21 , ISSUE 5, 61–84

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