The Cubic Rank Transmuted Gumbel Distribution
DOI:
https://doi.org/10.29304/jqcm.2023.15.1.1183Keywords:
Cubic rank transmuted, Gumbel Distribution, Renyi Entropy, Shannon EntropyAbstract
A Cubic Rank Transmuted Gumbel distribution (CTGD) in this research is extend the work of cubic transmuted distribution families. CTGD improves the flexibility of transmuted distributions and allows for the modeling of more complex data. Its hazard rate function, moment-generating function, moments, quantile function, entropy and order statistics, are only a few of the key statistical characteristics that we examine. Finally, the Cubic Transmuted Gumbel Distribution is applied to three real datasets to test its applicability and evaluate how well estimate approaches function for the CTGD, Gumbel(G), and transmuted Gumbel (TG) distributions. The observed results demonstrated that, for the used data sets, CTGD provides a superior fit than G and TG distributions.
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