Ontology highlight
ABSTRACT:
SUBMITTER: Zhao W
PROVIDER: S-EPMC7451580 | biostudies-literature | 2020
REPOSITORIES: biostudies-literature
Zhao Wei W Khosa Saima K SK Ahmad Zubair Z Aslam Muhammad M Afify Ahmed Z AZ
PloS one 20200827 8
In the present study, a new class of heavy tailed distributions using the T-X family approach is introduced. The proposed family is called type-I heavy tailed family. A special model of the proposed class, named Type-I Heavy Tailed Weibull (TI-HTW) model is studied in detail. We adopt the approach of maximum likelihood estimation for estimating its parameters, and assess the maximum likelihood performance based on biases and mean squared errors via a Monte Carlo simulation framework. Actuarial q ...[more]