In this paper, a new generalized version of the Pareto distribution which is called cubic transmuted Pareto (CTP) is introduced and studied. Most of the mathematical and statistical properties are studied and the model parameters are estimated by the maximum likelihood method. Finally, an application of CTP to some real data sets and compare it with some distributions based on Pareto distribution is illustrated.
Digital Object Identifier (DOI)
I. Ansari, S. and Eledum, Hussein
"An Extension of Pareto Distribution,"
Journal of Statistics Applications & Probability: Vol. 7
, Article 5.
Available at: https://dc.naturalspublishing.com/jsap/vol7/iss3/5