Research Article

A Flexible Extension of Pareto Distribution: Properties and Applications

Table 2

Goodness-of-fit measures and estimates of FWMPD and other fitted models for the first data set.

ModelADCMKSKSPEstimates

FWMPD0.1599420.0275550.1019770.985411

FWMED0.2731640.0343230.1107370.966914

ED4.60350.9629670.4395130.00088

ExED0.310460.0476590.1343140.863396

WD1.083540.183430.184970.50057

GD0.599020.102510.1734060.584477

IPD4.802070.987220.387230.00496