Introducing extra parameters into the baseline distribution has been a huge breakthrough in research as this enhances more flexibility of the existing models. One of the recent methods is the use of transmutation map which has attracted the interest of many researchers in the last decade. This article investigates the flexibility of transmuted type II generalized logistic distribution. The well-known type II generalized logistic distribution is transmuted using quadratic rank transmutation map to develop a transmuted type II generalized logistic distribution. The map enables the introduction of additional parameter into its parent model to make it more flexible in the analysis of data in various disciplines such as biological sciences, actuarial science, finance and insurance. Some statistical properties of the model are considered and these properties include the moment, quantiles and functions of minimum and maximum order statistics. The estimation issue of the subject model is addressed using method of maximum likelihood estimation. The model is applied to real life data to demonstrate its performance and the comparison of the result of the subject model with its parent model was done using Akaike Information criterion (AIC), Corrected Akaike Information criterion (AICC) and Bayesian Information criterion (BIC) respectively. It is believed that the results from this research work will be of immense contributions in this field and other related disciplines in modelling real data.
Published in |
American Journal of Applied Mathematics (Volume 7, Issue 6)
This article belongs to the Special Issue On Transmuted Family of Distributions with Applications |
DOI | 10.11648/j.ajam.20190706.15 |
Page(s) | 177-182 |
Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
Copyright |
Copyright © The Author(s), 2019. Published by Science Publishing Group |
Generalized Logistic Distribution, Maximum Likelihood, Order Statistics, Parameter Estimation, Transmutatio
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APA Style
Femi Samuel Adeyinka. (2019). On Transmuted Type II Generalized Logistic Distribution with Application. American Journal of Applied Mathematics, 7(6), 177-182. https://doi.org/10.11648/j.ajam.20190706.15
ACS Style
Femi Samuel Adeyinka. On Transmuted Type II Generalized Logistic Distribution with Application. Am. J. Appl. Math. 2019, 7(6), 177-182. doi: 10.11648/j.ajam.20190706.15
AMA Style
Femi Samuel Adeyinka. On Transmuted Type II Generalized Logistic Distribution with Application. Am J Appl Math. 2019;7(6):177-182. doi: 10.11648/j.ajam.20190706.15
@article{10.11648/j.ajam.20190706.15, author = {Femi Samuel Adeyinka}, title = {On Transmuted Type II Generalized Logistic Distribution with Application}, journal = {American Journal of Applied Mathematics}, volume = {7}, number = {6}, pages = {177-182}, doi = {10.11648/j.ajam.20190706.15}, url = {https://doi.org/10.11648/j.ajam.20190706.15}, eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajam.20190706.15}, abstract = {Introducing extra parameters into the baseline distribution has been a huge breakthrough in research as this enhances more flexibility of the existing models. One of the recent methods is the use of transmutation map which has attracted the interest of many researchers in the last decade. This article investigates the flexibility of transmuted type II generalized logistic distribution. The well-known type II generalized logistic distribution is transmuted using quadratic rank transmutation map to develop a transmuted type II generalized logistic distribution. The map enables the introduction of additional parameter into its parent model to make it more flexible in the analysis of data in various disciplines such as biological sciences, actuarial science, finance and insurance. Some statistical properties of the model are considered and these properties include the moment, quantiles and functions of minimum and maximum order statistics. The estimation issue of the subject model is addressed using method of maximum likelihood estimation. The model is applied to real life data to demonstrate its performance and the comparison of the result of the subject model with its parent model was done using Akaike Information criterion (AIC), Corrected Akaike Information criterion (AICC) and Bayesian Information criterion (BIC) respectively. It is believed that the results from this research work will be of immense contributions in this field and other related disciplines in modelling real data.}, year = {2019} }
TY - JOUR T1 - On Transmuted Type II Generalized Logistic Distribution with Application AU - Femi Samuel Adeyinka Y1 - 2019/12/31 PY - 2019 N1 - https://doi.org/10.11648/j.ajam.20190706.15 DO - 10.11648/j.ajam.20190706.15 T2 - American Journal of Applied Mathematics JF - American Journal of Applied Mathematics JO - American Journal of Applied Mathematics SP - 177 EP - 182 PB - Science Publishing Group SN - 2330-006X UR - https://doi.org/10.11648/j.ajam.20190706.15 AB - Introducing extra parameters into the baseline distribution has been a huge breakthrough in research as this enhances more flexibility of the existing models. One of the recent methods is the use of transmutation map which has attracted the interest of many researchers in the last decade. This article investigates the flexibility of transmuted type II generalized logistic distribution. The well-known type II generalized logistic distribution is transmuted using quadratic rank transmutation map to develop a transmuted type II generalized logistic distribution. The map enables the introduction of additional parameter into its parent model to make it more flexible in the analysis of data in various disciplines such as biological sciences, actuarial science, finance and insurance. Some statistical properties of the model are considered and these properties include the moment, quantiles and functions of minimum and maximum order statistics. The estimation issue of the subject model is addressed using method of maximum likelihood estimation. The model is applied to real life data to demonstrate its performance and the comparison of the result of the subject model with its parent model was done using Akaike Information criterion (AIC), Corrected Akaike Information criterion (AICC) and Bayesian Information criterion (BIC) respectively. It is believed that the results from this research work will be of immense contributions in this field and other related disciplines in modelling real data. VL - 7 IS - 6 ER -