LAUSR.org creates dashboard-style pages of related content for over 1.5 million academic articles. Sign Up to like articles & get recommendations!

The Weibull Burr XII distribution in lifetime and income analysis.

Photo by thinkmagically from unsplash

We study a five-parameter model called the Weibull Burr XII (WBXII) distribution, which extends several models, including new ones. This model is quite flexible in terms of the hazard function,… Click to show full abstract

We study a five-parameter model called the Weibull Burr XII (WBXII) distribution, which extends several models, including new ones. This model is quite flexible in terms of the hazard function, which exhibits increasing, decreasing, upside-down bathtub, and bathtub shapes. Its density function allows different forms such as left-skewed, right-skewed, reversed-J, and bimodal. We aim to provide some general mathematical quantities for the proposed distribution, which can be useful to real data analysis. We develop a shiny application to provide interactive illustrations of the WBXII density and hazard functions. We estimate the model parameters using maximum likelihood and derive a profile log-likelihood for all members of the Weibull-G family. The survival analysis application reveals that the WBXII model is suitable to accommodate left-skewed tails, which are very common when the variable of interest is the time to failure of a product. The income application is related to player salaries within a professional sports league and it is peculiar because the mean of the player's salaries is much higher than for most professions. Both applications illustrate that the new distribution provides much better fits than other models with the same and less number of parameters.

Keywords: analysis; model; weibull burr; burr xii; distribution

Journal Title: Anais da Academia Brasileira de Ciencias
Year Published: 2021

Link to full text (if available)


Share on Social Media:                               Sign Up to like & get
recommendations!

Related content

More Information              News              Social Media              Video              Recommended



                Click one of the above tabs to view related content.