TITLE:
Location Based Generalized Akash Distribution: Properties and Applications
AUTHORS:
Ramajeyam Tharshan, Pushpakanthie Wijekoon
KEYWORDS:
Lindley Distribution, Akash Distribution, Mixture
JOURNAL NAME:
Open Journal of Statistics,
Vol.10 No.2,
April
3,
2020
ABSTRACT: In recent years, several statistical finite mixture models have been proposed to model the lifetime data with heterogeneity. The Lindley distribution has been highlighted by many authors for these types of lifetime data analysis. This paper introduces a new Lindley family distribution called location-based generalized Akash distribution (NGAD) with monotonic increasing and bathtubfailure rates. The density function of NGAD is flexible to cover the left-skewed, right-skewed and symmetrical shapes with different tail-weights. Its fundamental structural properties and its ability to provide a suitable statistical model for various types of data sets are studied. The maximum likelihood (ML) method is used to estimate its unknown parameters and the performance of ML estimates are examined by a simulation study. Finally, several real-data sets with different characteristics are used to illustrate its flexibility. It is observed that NGAD provides a better fit than some other existing modified Lindley distributions.