Bivariate Unit-Weibull Distribution: Properties and Inference

Abstract

In this article, we introduce a novel bivariate probability distribution that is absolutely continuous. Considering the Farlie–Gumbel–Morgenstern (FGM) copula and the unit-Weibull distribution, we can obtain a bivariate unit-Weibull distribution. We evaluate the main properties of the new proposal and use two estimation methods to estimate the parameter for the bivariate probability distribution. A brief Monte Carlo simulation study is conducted to assess the behavior of the employed estimation method and the characteristics of the estimators. Ultimately, as an illustration, a real-life application is presented, demonstrating the utility of the proposal.