Mathematics (Jan 2023)

An Alternative Lambert-Type Distribution for Bounded Data

  • Héctor Varela,
  • Mario A. Rojas,
  • Jimmy Reyes,
  • Yuri A. Iriarte

DOI
https://doi.org/10.3390/math11030667
Journal volume & issue
Vol. 11, no. 3
p. 667

Abstract

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In this article, we propose a new two-parameter distribution for bounded data such as rates, proportions, or percentages. The density function of the proposed distribution, presenting monotonic, unimodal, and inverse-unimodal shapes, tends to a positive finite value at the lower end of its support, which can lead to a better fit of the lower empirical quantiles. We derive some of the main structural properties of the new distribution. We make a description of the skewness and kurtosis of the distribution. We discuss the parameter estimation under the maximum likelihood method. We developed a simulation study to evaluate the behavior of the estimators. Finally, we present two applications to real data providing evidence that the proposed distribution can perform better than the popular beta and Kumaraswamy distributions.

Keywords