Research Article

A Flexible Extension of Pareto Distribution: Properties and Applications

Table 5

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

ModelADCMKSKSPEstimates

FWMPD0.2031510.02816030.1420740.987635

FWMED2.70670.5500770.4491940.0353535

ED2.589770.5507840.4996950.0135584

ExED0.4515390.0528460.1850380.883325

WD0.9482930.1547080.2193760.721648

GD0.6815320.0987720.1853980.881913

IPD2.725480.5654040.4399310.0416838