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A New Distribution for Modeling Extreme Values

journal of data scinces • 2019
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Publication Information
Authors Mohamed G. Khalil
Keywords FrØchet Distribution; Moments; Estimation, Extreme Value Theory
Journal journal of data scinces
Publisher Not Available
Volume 17
Issue 3
Pages Not Available
publication.type International
Paper Link Not Available
Supplementary Materials Not Available
Abstract
In this work, we introduce a new distribution for modeling the extreme values. Some important mathematical properties of the new model are derived. We assess the performance of the maximum likelihood method in terms of biases and mean squared errors by means of a simulation study. The new model is better than some other important competitive models in modeling the repair times data and the breaking stress data. Keywords: FrØchet Distribution; Moments; Estimation, Extreme Value Theory