A new improved form of the Lomax model: Its bivariate extension and an application in the financial sector
The Lomax model, also known as Pareto Type-II, has broad feasibility, especially in financing. This work introduces a new generalization of the Lomax model called the arc-sine exponentiation Lomax, which helps consider economic phenomena. The arc-sine exponentiation Lomax distribution captures a var...
Main Authors: | , , , , , , , |
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Format: | Article |
Language: | English |
Published: |
Elsevier
2023-07-01
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Series: | Alexandria Engineering Journal |
Subjects: | |
Online Access: | http://www.sciencedirect.com/science/article/pii/S1110016823003861 |