Symmetry (Jul 2021)

A Generalized Rayleigh Family of Distributions Based on the Modified Slash Model

  • Inmaculada Barranco-Chamorro,
  • Yuri A. Iriarte,
  • Yolanda M. Gómez,
  • Juan M. Astorga,
  • Héctor W. Gómez

DOI
https://doi.org/10.3390/sym13071226
Journal volume & issue
Vol. 13, no. 7
p. 1226

Abstract

Read online

Specifying a proper statistical model to represent asymmetric lifetime data with high kurtosis is an open problem. In this paper, the three-parameter, modified, slashed, generalized Rayleigh family of distributions is proposed. Its structural properties are studied: stochastic representation, probability density function, hazard rate function, moments and estimation of parameters via maximum likelihood methods. As merits of our proposal, we highlight as particular cases a plethora of lifetime models, such as Rayleigh, Maxwell, half-normal and chi-square, among others, which are able to accommodate heavy tails. A simulation study and applications to real data sets are included to illustrate the use of our results.

Keywords