A Moment Inequality for the NBRULC Class: Statistical Properties with Applications to Model Asymmetric Data

Abstract

In this paper, the moment inequalities for some aging distributions are derived based on a mathematical class entitled “a new better than renewal used in Laplace transform order in increasing convex order class (NBRULC)”. The introduced inequalities can be utilized as a new mathematical test for the exponentiality property versus NBRULC. If the mean life is finitely based on these inequalities, then all higher-order moments exist. Pitman’s asymptotic efficiency of the new mathematical test is derived and studied in detail for some asymmetric probability models. The new mathematical test’s power is estimated in reliability studies for a few well-known alternative asymmetric models. The problem in the case of right-censored data is also handled. After that, applying the suggested test to practical issues is demonstrated using asymmetric, real datasets.