THE EXTENDED ODD FRÉCHET INVERTED EXPONENTIAL DISTRIBUTION: PROPERTIES AND APPLICATION

Abstract

This research introduces a new three-parameter continuous distribution from the extended odd Fréchet (EOF) family of distributions called the extended odd Fréchet inverted exponential (EOF_IE) distribution. Derivations of EOF_IE distribution statistical properties are derived and its parameters are estimated using the technique of maximum likelihood (ML) estimation. The ML estimates finite sample performance of the EOF_IE distribution is evaluated through simulation. Results obtained from the application of the EOF_IE distribution to two real-life datasets showed that it provides a better fit than other competing distributions.