New family of distributions revolutionizes data analysis and modeling!
A new type of continuous distribution called Odd Moment exponential-G family is introduced. It is a mix of exponentiated-G distributions. The researchers studied its properties like skewness, kurtosis, and moment generating function. They also looked at how to estimate its parameters using maximum likelihood. The new distribution was compared to other common lifetime models using real data, showing its potential usefulness in various applications.