Papers › Advancing Continuous Distribution Generation: An Exponentiated Odds Ratio Generator Approach
Advancing Continuous Distribution Generation: An Exponentiated Odds Ratio Generator Approach
Xinyu Chen, Yuanqi Xie, Achraf Cohen, Shusen Pu
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This paper presents a new methodology for generating continuous statistical distributions, integrating the exponentiated odds ratio within the framework of survival analysis. This new method enhances the flexibility and adaptability of distribution models to effectively address the complexities inherent in contemporary datasets. The core of this advancement is illustrated by introducing a particular subfamily, the "Type-2 Gumbel Weibull-G Family of Distributions." We provide a comprehensive analysis of the mathematical properties of these distributions, encompassing statistical properties such as density functions, moments, hazard rate and quantile functions, R\'enyi entropy, order statistics, and the concept of stochastic ordering. To establish the robustness of our approach, we apply five distinct methods for parameter estimation. The practical applicability of the Type-2 Gumbel Weibull-G distributions is further supported through the analysis of three real-world datasets. These empirical applications illustrate the exceptional statistical precision of our distributions compared to existing models, thereby reinforcing their significant value in both theoretical and practical statistical applications.
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