TITLE:
Generalized Power Akshaya Distribution and Its Applications
AUTHORS:
Ahmed T. Ramadan, Ahlam H. Tolba, Beih S. El-Desouky
KEYWORDS:
Akshaya Distribution, Generalized Distributions, Moments, Estimation
JOURNAL NAME:
Open Journal of Modelling and Simulation,
Vol.9 No.4,
August
30,
2021
ABSTRACT: In this paper, a new
two-parameter distribution called generalized power Akshaya distribution extended from Akshaya distribution is introduced. This
distribution is proposed to model lifetime data. Statistical properties like
density, hazard, survival and moments are derived. Two parameters estimation is
introduced using maximum likelihood and Bayesian techniques. Finally, an
application of real data and a simulation study are introduced to illustrate
the usefulness of the proposed distribution.