Novel Two Parameter Distribution: Properties, Simulation and Application in Interactive Data Analysis and Finance

A. This paper introduces a new two parameter generalized New XLindley distribution called Lazri Zeghdoudi(LZ) distribution.The proposed model provides more flexibility in modeling data with increasing hazard rate functions.Several statistical properties of the model were derived, such as shape, moments, order statistics, stochastic ordering, Lorenz Curve, stress-strength reliability, and actuarial measures.The unknown parameters of the new distribution were explored using several frequentest estimation approaches.The performance of the proposed distribution is illustrated using two real datasets from the fields of interactive data analysis and finance.