The Extended Odd Family of Probability Distributions with Practice to a Submodel
Abstract
In this paper, we study a new family of distributions extending the recent odd family of distributions. The main feature of this extension is to increase the
exibility of the odd family of distribution by introducing a new tuning parameter, allowing the construction of new statistical models. Some math- ematical results are obtained, including moments, generating function and order statistics. Estimation of the family parameters by the maximum likelihood method is discussed. A multivariate extension of the family is hinted. We illustrate the potentiality of our extended odd family of distributions with applications to three practical data sets.
exibility of the odd family of distribution by introducing a new tuning parameter, allowing the construction of new statistical models. Some math- ematical results are obtained, including moments, generating function and order statistics. Estimation of the family parameters by the maximum likelihood method is discussed. A multivariate extension of the family is hinted. We illustrate the potentiality of our extended odd family of distributions with applications to three practical data sets.
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