ArticleEntropy (Basel, Switzerland)2019
New Bivariate Pareto Type II Models.
Article in Entropy (Basel, Switzerland), 2019. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Not yet cited in PubMed.
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Abstract
Pareto type II distribution has been studied from many statisticians due to its important role in reliability modelling and lifetime testing. In this article, we introduce two bivariate Pareto Type II distributions; one is derived from copula and the other is based on mixture and copula. Parameter Estimates of the proposed distribution are obtained using the maximum likelihood method. The performance of the proposed bivariate distributions is examined using a simulation study. Finally, we analyze one data set under the proposed distributions to illustrate their flexibility for real-life applications.
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