Modeling Extreme Values with Alpha Power Inverse Pareto Distribution

Modeling Extreme Values with Alpha Power Inverse Pareto Distribution

The study focuses on the development of a new probability distribution with applications to extreme values. The distribution is proposed by incorporating an additional parameter into the inverse Pareto distribution using the α-Power Transformation. Various properties of the new distribution are deri...

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Bibliographic Details
Main Authors: Atta, H. (Author), Badshah, S. (Author), Ihtisham, S. (Author), Ijaz, M. (Author), Khalil, A. (Author), Manzoor, S. (Author)
Format: Article
Language:English
Published: Sciendo 2023
Subjects:
Entropy
Extreme value
Extreme Values
Inverse pareto distribution
Inverse Pareto distribution
Inverse problems
Maximum likelihood estimation
Pareto distributions
Pareto principle
Power
Probability: distributions
Stochastic Ordering
Stochastic orderings
Stochastic systems
Strength parameters
Stress strength
Stress-strength parameter
Stress-Strength Parameter
α-Power transformation
Α-power transformation
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