Research Article

A Flexible Extension of Pareto Distribution: Properties and Applications

Table 3

The estimates and log-likelihood function of the proposed distribution parameters along with goodness-of-fit measures for the first data set by different estimation methods.

 LADCMKSKSP

MLEs8.266581.97370.6299295.079030.45048315.39860.1599420.02755570.1019770.985411
ADEs3.664310.4278791.436924.914132.3864715.40120.1602710.02768450.1000690.988169
CVMEs3.99030.3904471.406095.436432.6352815.5430.1959290.02524850.09329220.99498
MPSEs2.705651.17131.564854.82451.1777515.5430.1959290.02524850.09329220.99498
OLSEs2.623020.4416881.960494.786271.9929615.41570.1630910.02962340.1018260.985646
RTADEs2.601320.8473941.523643.422671.3902116.8960.6056710.1091020.1498260.760347
WLSEs2.472070.5272181.174672.868482.0373519.81851.39160.2462370.2036420.378108
LTADEs3.465081.464021.455745.033631.0209115.40740.1615810.02899180.0971620.991618