ArticlePloS one2025
WLreg: A new re-parametrization of the Weighted Lindley distribution and its regression model.
Article in PloS one, 2025. 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
A novel re-parametrization of the weighted Lindley distribution is introduced to develop a regression model suitable for skewed dependent variables defined on [Formula: see text]. This new model is called the WL2 regression model. It is shown to outperform existing models such as the gamma, extended gamma, and Maxwell-Boltzmann-exponential regression models. Parameter estimation is performed using the maximum likelihood estimation technique, and the efficiency of these estimates is assessed through a simulation study. An application to a house price data set is presented to highlight the importance of the WL2 regression model. In addition, we propose the WLreg software, accessible via https://bartinuni.shinyapps.io/WLreg, to facilitate the application of the new regression model for practitioners in the field.
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