On Weibull-Pareto Distribution in Censored and Uncensored Data Structures
Ekoist journal of econometrics and statistics (Online), cilt.0, sa.33, ss.1-11, 2020 (TRDizin)
- Yayın Türü: Makale / Tam Makale
- Cilt numarası: 0 Sayı: 33
- Basım Tarihi: 2020
- Doi Numarası: 10.26650/ekoist.2020.33.810417
- Dergi Adı: Ekoist journal of econometrics and statistics (Online)
- Derginin Tarandığı İndeksler: TR DİZİN (ULAKBİM)
- Sayfa Sayıları: ss.1-11
- Açık Arşiv Koleksiyonu: AVESİS Açık Erişim Koleksiyonu
- Ondokuz Mayıs Üniversitesi Adresli: Evet
Özet
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.