Almetwally, Ehab M.; Ahmad, Hanan A. Haj - In: Statistics in transition : an international journal of … 21 (2020) 5, pp. 61-84
This paper introduces a new generalization of the Pareto distribution using the MarshallOlkin generator and the method of alpha power transformation. This new model has several desirable properties appropriate for modelling right skewed data. The Authors demonstrate how the hazard rate function...