Modeling extreme value data with an upside down bathtub-shaped failure rate model
The Pareto model corresponds to the power law widely used in physics, biology, and many other fields. In this article, a new generalized Pareto model with a heavy right tail is introduced and studied. It exhibits an upside-down bathtub-shaped failure rate (FR) function. The moments, quantiles, FR fu...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
De Gruyter
2022-06-01
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| Series: | Open Physics |
| Subjects: | |
| Online Access: | https://doi.org/10.1515/phys-2022-0047 |