The Gompertz Inverse Exponential (Goie) Distribution With Applications
COGENT MATHEMATICS(2018)
Abstract
The Gompertz inverse exponential (GoIE) distribution using the Gompertz generalized family of distributions was derived and introduced in this article. Some basic statistical properties of the model were derived and discussed in minute details. The model parameters were estimated using the maximum likelihood estimation method. Real-life applications were provided and the GoIE distribution provides better fits than the Gompertz exponential, Gompertz Weibull and Gompertz Lomax distributions.
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Key words
generalized models, Gompertz family of distributions, inverse exponential, mathematical statistics, probability distributions
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