On a two-parameter weighted geometric distribution: properties, computation and applications

In this article, we introduce a flexible two-parameter weighted geometric distribution characterized by its appealing properties. A key feature of this distribution is its ability to accommodate a wide range of skewness, making it particularly suitable for modeling right-skewed data. The distribution also exhibits a unimodal shape and an increasing failure rate. Several statistical measures are derived, and the distribution parameters are estimated using the method of maximum likelihood. The accuracy of these estimates is evaluated through a Monte Carlo simulation study. To demonstrate the flexibility, versatility, and practical importance of the proposed model, we analyze three real count data sets, showing its superiority over several existing models.

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Publication Details

Journal
Statistics Optimization & Information Computing
Published
2024-08-25
DOI
https://doi.org/10.19139/soic-2310-5070-2139
Primary Topic
Statistical Distribution Estimation and Applications
Type
article
Field-Weighted Citation Impact
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article

On a two-parameter weighted geometric distribution: properties, computation and applications

Mohammed Shakhatreh, Hazem Al-Mofleh
Statistics Optimization & Information Computing
Statistical Distribution Estimation and Applications
article

On a two-parameter weighted geometric distribution: properties, computation and applications

Mohammed Shakhatreh, Hazem Al-Mofleh
article en

Abstract

In this article, we introduce a flexible two-parameter weighted geometric distribution characterized by its appealing properties. A key feature of this distribution is its ability to accommodate a wide range of skewness, making it particularly suitable for modeling right-skewed data. The distribution also exhibits a unimodal shape and an increasing failure rate. Several statistical measures are derived, and the distribution parameters are estimated using the method of maximum likelihood. The accuracy of these estimates is evaluated through a Monte Carlo simulation study. To demonstrate the flexibility, versatility, and practical importance of the proposed model, we analyze three real count data sets, showing its superiority over several existing models.

Statistics Optimization & Information ComputingVol. 13(2)
Tafila Technical University (JO), Jordan University of Science and Technology (JO)
Openalex Percentile: Top 74%
Statistical Distribution Estimation and Applications
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