International Journal of Financial Management and Economics
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E-ISSN: 2617-9229|P-ISSN: 2617-9210
International Journal of Financial Management and Economics
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Vol. 7, Issue 1 (2024)

New extension for Chen distribution based on [0, 1] Truncated Nadarajah-Haghighi-G family with two real data application


Aasha Abdulkhleq Ismael and Zainab Abood Ahmed AL-Bairmani

The [0, 1] Truncated Nadarajah-Haghighi Chen distribution, a novel probability model with four parameters, is introduced. The analysis considers significant statistical characteristics of the distribution, such as the Rényi entropy, moments, incomplete moments, moment-generating function, and order statistics of the quantile function. The parameters of the new model were determined using maximum likelihood estimators for population parameters. A simulation study is done to estimate the model parameters of the TNHCh distribution. In addition, two sets of data were proposed to evaluate the compatibility of the new distribution with other comparable distributions.
Pages : 46-57 | 195 Views | 114 Downloads


International Journal of Financial Management and Economics
How to cite this article:
Aasha Abdulkhleq Ismael, Zainab Abood Ahmed AL-Bairmani. New extension for Chen distribution based on [0, 1] Truncated Nadarajah-Haghighi-G family with two real data application. Int J Finance Manage Econ 2024;7(1):46-57. DOI: 10.33545/26179210.2024.v7.i1.259
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