Harmonic mixture Fréchet distribution: properties and applications to lifetime data (Q2693264): Difference between revisions

Summary: In this study, we propose a four-parameter probability distribution called the harmonic mixture Fréchet. Some useful expansions and statistical properties such as moments, incomplete moments, quantile functions, entropy, mean deviation, median deviation, mean residual life, moment-generating function, and stress-strength reliability are presented. Estimators for the parameters of the harmonic mixture Fréchet distribution are derived using the estimation techniques such as the maximum-likelihood estimation, the ordinary least-squares estimation, the weighted least-squares estimation, the Cramér-von Mises estimation, and the Anderson-Darling estimation. A simulation study was conducted to assess the biases and mean square errors of the estimators. The new distribution was applied to three-lifetime datasets and compared with the classical Fréchet distribution and eight (8) other extensions of the Fréchet distribution.