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Inverse Akash distribution and its applications
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A new one-parameter distribution named inverse Akash distribution, for modelling lifetime data, has been introduced. Important statistical properties of the proposed distribution such as the density function, hazard rate function, survival function, stochastic ordering, entropy measure, stress-strength reliability and the maximum likelihood estimation of the parameter of the distribution have been discussed. Two real data sets were employed in illustrating the usefulness of the new distribution. Comparatively, the inverse Akash distribution provided better fits to the data than each of the inverse exponential distribution and inverse Lindley distribution.
Title: Inverse Akash distribution and its applications
Description:
A new one-parameter distribution named inverse Akash distribution, for modelling lifetime data, has been introduced.
Important statistical properties of the proposed distribution such as the density function, hazard rate function, survival function, stochastic ordering, entropy measure, stress-strength reliability and the maximum likelihood estimation of the parameter of the distribution have been discussed.
Two real data sets were employed in illustrating the usefulness of the new distribution.
Comparatively, the inverse Akash distribution provided better fits to the data than each of the inverse exponential distribution and inverse Lindley distribution.
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