G Families of Probability Distributions

Theory and Practices

Mir Masoom Ali, Irfan Ali, Haitham M. Yousof, Mohamed Ibrahim Mohamed Ahmed, Mir Masoom Ali, Irfan Ali, Haitham M. Yousof, Mohamed Ibrahim Mohamed Ahmed

• Publisher: CRC Press
• Year: 2023
• ISBN:
  9781000860412
• Edition: 1
• Topic: Mathematics
• Subtopic: Number Theory
• Index: Mathematics

Statistical distributions are essential tools to model the characteristics of datasets, such as right or left skewness, bi-modality or multi-modality observed in different applied sciences, such as engineering, medicine, and finance. The well-known distributions like normal, Weibull, gamma and Lindley are extensively used because of their simple forms and identifiability properties. In the last decade, researchers have focused on the more complex and flexible distributions, referred to as Generalized or simply G families of probability distributions, to increase the modelling capability of these distributions by adding one or more shape parameters.

The main aim of this edited book is to present new contributions by researchers in the field of G families of probability distributions. The book will help researchers to:

• Develop new univariate continuous and discrete G families of probability distributions.
• Develop new bivariate continuous and discrete G families of probability distributions.
• Derive beneficial mathematical properties such as ordinary and incomplete moments, moment generating functions, residual life and reversed residual life functions, order statistics, quantile spread ordering and entropies, and some bivariate and multivariate extensions of the new and existing models using a simple-type copula.