New alpha power transformed beta distribution with its properties and applications

The main purpose of this paper is to introduce a new alpha power transformed beta probability distribution that reveals interesting properties. The studuy provide a comprehensive explanation of the statistical characteristics of this innovative model. Various properties of the new distribution were derived, using the baseline beta distribution, statistical techniques, and probabilistic axioms. These include the probability density, cumulative distribution, survival function, hazard function, moments about the origin, moment generating function, and order statistics. For parameter estimation, the maximum likelihood estimation method using Newton Raphson numerical technique is employed. To evaluate the performance of our estimation method, the mean squared errors of the estimated parameters for different simulated sample sizes are used. In addition simulation studies of the new distribution are conducted to demonstrate the behavior of the probability model. To demonstrate the practical utility and flexibility of the alpha power transformed beta distribution, it is fitted to two real-life datasets and compared to commonly known probability distributions such as the Weibull, exponential Weibull, Beta, and Kumaraswamy beta distributions. It offers a superior fit to the data considered. The distribution reviales of the microbes reveald a wide range of shapes of probability density functions and flexible hazard rates. The distribution is a new contribution to the field of statistical and probability theory. The findings of the study can be used as a basis for future research in the area of statistical science and health.

Authors

Publication Details

Journal
Frontiers in Applied Mathematics and Statistics
Published
2024-09-19
DOI
https://doi.org/10.3389/fams.2024.1433767
Citations
2
Primary Topic
Statistical Distribution Estimation and Applications
Type
article
Field-Weighted Citation Impact
1.42
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

New alpha power transformed beta distribution with its properties and applications

Ayele Taye Goshu, Butte Gotu Arero, Adimias Wendimagegn Agegnehu
2 citations
Frontiers in Applied Mathematics and Statistics
Statistical Distribution Estimation and Applications
1.42
article

New alpha power transformed beta distribution with its properties and applications

Ayele Taye Goshu, Butte Gotu Arero, Adimias Wendimagegn Agegnehu
article en
2 citations

Abstract

The main purpose of this paper is to introduce a new alpha power transformed beta probability distribution that reveals interesting properties. The studuy provide a comprehensive explanation of the statistical characteristics of this innovative model. Various properties of the new distribution were derived, using the baseline beta distribution, statistical techniques, and probabilistic axioms. These include the probability density, cumulative distribution, survival function, hazard function, moments about the origin, moment generating function, and order statistics. For parameter estimation, the maximum likelihood estimation method using Newton Raphson numerical technique is employed. To evaluate the performance of our estimation method, the mean squared errors of the estimated parameters for different simulated sample sizes are used. In addition simulation studies of the new distribution are conducted to demonstrate the behavior of the probability model. To demonstrate the practical utility and flexibility of the alpha power transformed beta distribution, it is fitted to two real-life datasets and compared to commonly known probability distributions such as the Weibull, exponential Weibull, Beta, and Kumaraswamy beta distributions. It offers a superior fit to the data considered. The distribution reviales of the microbes reveald a wide range of shapes of probability density functions and flexible hazard rates. The distribution is a new contribution to the field of statistical and probability theory. The findings of the study can be used as a basis for future research in the area of statistical science and health.

Frontiers in Applied Mathematics and StatisticsVol. 10
Openalex Percentile: Top 17%
Statistical Distribution Estimation and Applications
1.42
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.