Abstract
We introduce a new extension of the Fréchet distribution for modeling the extreme values. The new model generalizes eleven distributions at least, five of them are quite new. Some important mathematical properties of the new model are derived. We assess the performance of the maximum likelihood estimators (MLEs) via a simulation study. The new model is better than some other important competitive models in modeling the breaking stress data, the glass fibers data and the relief time data.
Publisher
Pakistan Journal of Statistics and Operation Research
Subject
Management Science and Operations Research,Statistics, Probability and Uncertainty,Modeling and Simulation,Statistics and Probability
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