BIASED EXPONENTIATED GAMMA DISTRIBUTIONS AND ITS VARIATES: STATISTICAL PROPERTIES AND ESTIMATION
Published 2023-10-19
Keywords
- Area-Biased, Exponentiated gamma distribution, Length-Biased, Markov Chain Monte Carlo, Skewness
How to Cite
Abstract
This study proposed the Exponentiated Gamma Distribution (EGD) derived from the
amalgamation of two existing distribution the exponential distribution and the gamma distribution
and explored its variates like the length - biased exponentiated gamma distribution (LeBEGD) and
area biased exponentiated gamma distribution (ABEGD). The mathematical expressions of these
distributions were also provided. The probability density functions, cumulative distribution
functions, hazard and survival functions of these distributions were generated and their statistical
properties like the mean, variance and other moments, skewness and kurtosis equally estimated,
tested and compared using the Markov Chain Monte Carlo (MCMC) simulated data. The result
from simulated data shows that the skewness and kurtosis reduce and tends to normality with
higher biases. The study concluded that weighting existing distributions makes them more flexible
and amenable to real-life situations.