The Topp-Leone Odd Burr X-G Family of Distributions: Properties and Applications
AbstractThis paper proposes a new generalized family of distributions called the Topp-Leone odd Burr X-G (TLOBX-G) distribution and its special model, Topp-Leone odd Burr X-Weibull (TLOBX-W) is studied in detail. Structural properties are derived, including the hazard rate function, quantile function, density expansion, moments, R'enyi entropy, and order statistics. The maximum likelihood technique is used to estimate the parameters of the new family of distributions and a simulation study was carried out to assess the accuracy and consistency of these estimators. Finally, the applicability, usefulness, and flexibility of TLOBX-W distribution are illustrated using two real-life datasets.
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