Mathematics
3 years ago

New Pareto-Weibull Distribution Revolutionizes Environmental and Biological Studies!

Pakistan Journal of Statistics and Operation Research
Pareto-Weibull Distribution with Properties and Applications: A Member of Pareto-X Family
Md. Shohel Rana, Saman Hanif Shahbaz, Muhammad Qaiser Shahbaz, Md. Mahabubur Rahman

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A new type of distribution called Pareto-Weibull (PW) has been introduced in this research. The researchers found that this new model fits real-life data better than other existing models in environmental and biological studies. The study also provides formulas to estimate the parameters of the PW distribution and describes its properties.