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  • Title: Inference and quantile regression for the unit-exponentiated Lomax distribution.
    Author: Fayomi A, Hassan AS, Almetwally EM.
    Journal: PLoS One; 2023; 18(7):e0288635. PubMed ID: 37463159.
    Abstract:
    In probability theory and statistics, it is customary to employ unit distributions to explain practical variables having values between zero and one. This study suggests a brand-new distribution for modelling data on the unit interval called the unit-exponentiated Lomax (UEL) distribution. The statistical aspects of the UEL distribution are shown. The parameters corresponding to the proposed distribution are estimated using widely recognized estimation techniques, such as Bayesian, maximum product of spacing, and maximum likelihood. The effectiveness of the various estimators is assessed through a simulated scenario. Using mock jurors and food spending data sets, the UEL regression model is demonstrated as an alternative to unit-Weibull regression, beta regression, and the original linear regression models. Using Covid-19 data, the novel model outperforms certain other unit distributions according to different comparison criteria.
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