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- W4384346164 abstract "Abstract Models of various physical, biological, and artificial phenomena follow a power law over multiple magnitudes. This article presents a modified Pareto model with an upside-down shape and an adjustable right tail. The moments, quantiles, failure rate, mean residual life, and quantile residual life functions are examined. In addition, some stochastic ordering characteristics of the proposed model are investigated. The estimation of the parameters using the maximum likelihood estimator, the mean square error, and the Anderson–Darling estimator is explored, and a simulation study is conducted to analyze their behavior. Finally, we compare the proposed model with alternative methods for describing a dataset on the strength of carbon fiber and a dataset on customer waiting times in a bank." @default.
- W4384346164 created "2023-07-15" @default.
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- W4384346164 date "2023-01-01" @default.
- W4384346164 modified "2023-10-18" @default.
- W4384346164 title "A modified power-law model: Properties, estimation, and applications" @default.
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- W4384346164 doi "https://doi.org/10.1515/phys-2022-0266" @default.
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