On Weibull-Pareto Distribution in Censored and Uncensored Data Structures
Ekoist journal of econometrics and statistics (Online), vol.0, no.33, pp.1-11, 2020 (TRDizin)
- Publication Type: Article / Article
- Volume: 0 Issue: 33
- Publication Date: 2020
- Doi Number: 10.26650/ekoist.2020.33.810417
- Journal Name: Ekoist journal of econometrics and statistics (Online)
- Journal Indexes: TR DİZİN (ULAKBİM)
- Page Numbers: pp.1-11
- Open Archive Collection: AVESIS Open Access Collection
- Ondokuz Mayıs University Affiliated: Yes
Abstract
The Weibull distribution gives a flexible measurement that detailsthe probability distribution associated with the lifetimecharacteristics of a particular part orservice component. Itis commonly used to assess productreliability, analyze life data,and model failure times. It is a versatile distribution that can take on the characteristics of other types of distributions,based on the value of the shape parameter. Weibull-Pareto distribution has been introduced as a new type of applicationof the Weibull distribution. In this article, point and interval estimations for Weibull-Pareto distribution with censoredand uncensored data are investigated. With real-time data applications, it is shown that Weibull-Pareto results are betteragainst Exponential, Gamma, and Weibull distributions’ results.