Exponentiated Inverse Power Pranav distribution: Properties and Application

Abstract

In this article, we proposed a new distribution known as the Exponentiated Inverse Power Pranav distribution for modeling lifetime data sets with monotone and non-monotone shapes in their hazard rates. Along with some of the basic properties, we however, studied the maximum likelihood estimation of the parameters of the proposed distribution. The model was subjected to life application with a dataset and compared to other sub-models. The new distribution was found to have a best fit more than the competing sub-models.

Keywords: Pranav distribution, Inverse Power Pranav distribution, Exponentiated distributions, Maximum Likelihood estimation, Exponentiated Inverse Power Pranav distribution