In the present paper, a new lifetime distribution has been introduced by the use of Minimum Guarantee transformation as suggested by Kumar et al. (2017). For the purpose, Lindley distribution is considered as a baseline distribution. Some of the statistical properties of this distribution has been studied and classical estimators like maximum likelihood estimator (MLE), least square estimator (LSE) and maximum product of spacing estimator (MPSE) has been obtained and their performance is carried out through simulation study. Further, a real data has been taken to show its application in the real scenario.
Digital Object Identifier (DOI)
Kumar, Dinesh; Singh, Umesh; Kumar Singh, Sanjay; and Kumar Chaurasia, Prashant
"A New Lifetime Distribution: Some of its Statistical Properties and Application,"
Journal of Statistics Applications & Probability: Vol. 7
, Article 2.
Available at: https://dc.naturalspublishing.com/jsap/vol7/iss3/2