New formula unlocks secrets of inverted Weibull distribution for better data analysis.
The article explores a specific type of statistical distribution called the exponentiated inverted Weibull distribution. The researchers found exact formulas and relationships for calculating different types of statistical moments, like averages and variances, for this distribution. They also looked at how these moments can be used to understand the characteristics of the distribution better. The study calculated the first four moments, mean, and variance for different scenarios, providing valuable insights into this statistical model.