Research Article

A Flexible Extension of Pareto Distribution: Properties and Applications

Table 8

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

ModelADCMKSKSPEstimates

FWMPD0.6393630.0846630.0966990.794056

FWMED1.014880.1521550.1312860.419929

ED1.482530.2411530.1655970.169403

ExED1.583440.2624420.1730830.134882

WD1.389130.2202130.1578020.212421

GD1.557820.2571970.1712390.142806

IPD0.651750.08696020.0984140.776073