Advanced Mathematical Models & Applications

Advanced Mathematical Models & Applications

ISSN Online: 2519-4445

Advanced Mathematical Models & Applications is a peer-reviewed, open access journal meant to publish original and significant results and articles in all areas of mathematical modeling and their applications. The aim of this Journal is to bring together researchers and practitioners from academia and industry to establishing new collaborations in this area. The Journal will consider for publication also review articles, literature reviews, correspondence concerning views and information published in previous issues.

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Abstract

Length biased distributions are special cases of weighted distributions. We used this idea in this paper to propose a generalization of a one-parameter linear exponential distribution. The various characteristics of the recommended distribution are deduced and explored in detail. Some numerical studies are implemented; they demonstrate that the distribution is skewed to the right with a heavier tail than the normal distribution. The mean waiting time and residual life time are also studied. To estimate the distribution's parameters, six methods of estimation are employed. A simulation study is conducted, which shows that the estimators are approximately unbiased and consistent. Three real financial data sets are applied. They represent earning per share in the financial, industry and service sectors at the Amman Stock Exchange. They show that the suggested distribution has the best fit for these data sets compared to some competence distributions.



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