An Extension of the Fréchet Distribution and Applications
Open Access
Abstract
This paper presents the Slash-Exponential-Fréchet distribution, which is an expanded version of the Fréchet distribution. Through its stochastic representation, probability distribution function, moments and other relevant features are obtained. Evidence supports that the updated model displays a lighter right tail than the Fréchet model and is more flexible as for skewness and kurtosis. Results on maximum likelihood estimators are given. Our proposition’s applicability is demonstrated through a simulation study and the evaluation of two real-world datasets.Keywords
Funding Information
- Semillero UA-2024
- IOAP of University of Seville, Spain
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