Open Access
Subscription or Fee Access
An Extended Dagum Distribution: Properties and Applications
Abstract
We propose a new five-parameter continuous model called the extended Dagum distribution. It is a very competitive model to the exponentiated Kumaraswamy Weibull, gamma Dagum, Zografos and Balakrishnan-Dagum and Dagum distributions for modeling percentages, rates, fractions and proportions. We provide a mathematical treatment of the new distribution including explicit expressions for the ordinary and incomplete moments, Lmoments, probability weighted moments, generating and quantile functions, R´enyi entropy, reliability and order statistics. Maximum likelihood is used to estimate the model parameters and the observed information matrix is determined. We demonstrate by means of an
application to poverty data that it can give consistently a better fit than other important statistical models.
Keywords
Refbacks
- There are currently no refbacks.
Disclaimer/Regarding indexing issue:
We have provided the online access of all issues and papers to the indexing agencies (as given on journal web site). It’s depend on indexing agencies when, how and what manner they can index or not. Hence, we like to inform that on the basis of earlier indexing, we can’t predict the today or future indexing policy of third party (i.e. indexing agencies) as they have right to discontinue any journal at any time without prior information to the journal. So, please neither sends any question nor expects any answer from us on the behalf of third party i.e. indexing agencies.Hence, we will not issue any certificate or letter for indexing issue. Our role is just to provide the online access to them. So we do properly this and one can visit indexing agencies website to get the authentic information.