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New Bivariate Pareto Type II Models

Department of Statistics, Faculty of Science, King Abdulaziz University, Jeddah 21551, Saudi Arabia
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Entropy 2019, 21(5), 473; https://doi.org/10.3390/e21050473
Received: 9 April 2019 / Revised: 26 April 2019 / Accepted: 3 May 2019 / Published: 6 May 2019
(This article belongs to the Section Information Theory, Probability and Statistics)
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Abstract

Pareto type II distribution has been studied from many statisticians due to its important role in reliability modelling and lifetime testing. In this article, we introduce two bivariate Pareto Type II distributions; one is derived from copula and the other is based on mixture and copula. Parameter Estimates of the proposed distribution are obtained using the maximum likelihood method. The performance of the proposed bivariate distributions is examined using a simulation study. Finally, we analyze one data set under the proposed distributions to illustrate their flexibility for real-life applications. View Full-Text
Keywords: Pareto type II; Lomax; Gaussian copula; maximum likelihood method Pareto type II; Lomax; Gaussian copula; maximum likelihood method
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Baharith, L.; Alzahrani, H. New Bivariate Pareto Type II Models. Entropy 2019, 21, 473.

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