EKOIST Journal of Econometrics and Statistics

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DOI :10.26650/ekoist.2020.33.810417   IUP :10.26650/ekoist.2020.33.810417    Full Text (PDF)

On Weibull-Pareto Distribution in Censored and Uncensored Data Structures

Kamil Alakuş, Necati Alp Erilli

The Weibull distribution gives a flexible measurement that detailsthe probability distribution associated with the lifetime characteristics of a particular part orservice component. Itis commonly used to assess productreliability, analyze life data, and model failure times. It is a versatile distribution that can take on the characteristics of other types of distributions, based on the value of the shape parameter. Weibull-Pareto distribution has been introduced as a new type of application of the Weibull distribution. In this article, point and interval estimations for Weibull-Pareto distribution with censored and uncensored data are investigated. With real-time data applications, it is shown that Weibull-Pareto results are better against Exponential, Gamma, and Weibull distributions’ results.

Keywords: Weibull-Pareto distribution, Alternative maximum likelihood estimation, T-X family, Weibull distribution
JEL Classification : C34 , C02

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Citations

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APA

Alakuş, K., & Erilli, N.A. (2020). On Weibull-Pareto Distribution in Censored and Uncensored Data Structures. EKOIST Journal of Econometrics and Statistics, 0(33), 1-11. https://doi.org/10.26650/ekoist.2020.33.810417


AMA

Alakuş K, Erilli N A. On Weibull-Pareto Distribution in Censored and Uncensored Data Structures. EKOIST Journal of Econometrics and Statistics. 2020;0(33):1-11. https://doi.org/10.26650/ekoist.2020.33.810417


ABNT

Alakuş, K.; Erilli, N.A. On Weibull-Pareto Distribution in Censored and Uncensored Data Structures. EKOIST Journal of Econometrics and Statistics, [Publisher Location], v. 0, n. 33, p. 1-11, 2020.


Chicago: Author-Date Style

Alakuş, Kamil, and Necati Alp Erilli. 2020. “On Weibull-Pareto Distribution in Censored and Uncensored Data Structures.” EKOIST Journal of Econometrics and Statistics 0, no. 33: 1-11. https://doi.org/10.26650/ekoist.2020.33.810417


Chicago: Humanities Style

Alakuş, Kamil, and Necati Alp Erilli. “On Weibull-Pareto Distribution in Censored and Uncensored Data Structures.” EKOIST Journal of Econometrics and Statistics 0, no. 33 (Apr. 2024): 1-11. https://doi.org/10.26650/ekoist.2020.33.810417


Harvard: Australian Style

Alakuş, K & Erilli, NA 2020, 'On Weibull-Pareto Distribution in Censored and Uncensored Data Structures', EKOIST Journal of Econometrics and Statistics, vol. 0, no. 33, pp. 1-11, viewed 20 Apr. 2024, https://doi.org/10.26650/ekoist.2020.33.810417


Harvard: Author-Date Style

Alakuş, K. and Erilli, N.A. (2020) ‘On Weibull-Pareto Distribution in Censored and Uncensored Data Structures’, EKOIST Journal of Econometrics and Statistics, 0(33), pp. 1-11. https://doi.org/10.26650/ekoist.2020.33.810417 (20 Apr. 2024).


MLA

Alakuş, Kamil, and Necati Alp Erilli. “On Weibull-Pareto Distribution in Censored and Uncensored Data Structures.” EKOIST Journal of Econometrics and Statistics, vol. 0, no. 33, 2020, pp. 1-11. [Database Container], https://doi.org/10.26650/ekoist.2020.33.810417


Vancouver

Alakuş K, Erilli NA. On Weibull-Pareto Distribution in Censored and Uncensored Data Structures. EKOIST Journal of Econometrics and Statistics [Internet]. 20 Apr. 2024 [cited 20 Apr. 2024];0(33):1-11. Available from: https://doi.org/10.26650/ekoist.2020.33.810417 doi: 10.26650/ekoist.2020.33.810417


ISNAD

Alakuş, Kamil - Erilli, NecatiAlp. “On Weibull-Pareto Distribution in Censored and Uncensored Data Structures”. EKOIST Journal of Econometrics and Statistics 0/33 (Apr. 2024): 1-11. https://doi.org/10.26650/ekoist.2020.33.810417



TIMELINE


Submitted14.10.2020
Accepted17.12.2020
Published Online15.01.2021

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