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Published on: August 29, 2019
Half circular modified burr-III distribution, application with different estimation methods.
Ayesha Iftikhar1, Azeem Ali2, Muhammad Hanif1
1National College of Business Administration and Economics, Lahore, Pakistan.
This study introduces a new statistical model for analyzing circular data, the half circular modified Burr-III (hcMB-III) distribution. It also evaluates various parameter estimation methods for this novel distribution.
Area of Science:
- Statistics
- Statistical Modeling
- Circular Data Analysis
Background:
- Axial or half circular data, ranging from 0 to π, are common in medical, environmental, and ecological studies.
- Statistical modeling for half circular data has been underexplored.
- Existing models often lack specialized distributions for this data type.
Purpose of the Study:
- To introduce a novel statistical distribution for half circular data.
- To propose the half circular modified Burr-III (hcMB-III) distribution.
- To evaluate parameter estimation methods for the hcMB-III distribution.
Main Methods:
- The study utilizes inverse stereographic projection on a modified Burr-III distribution to derive the hcMB-III distribution.
- Eight parameter estimation methods are considered: Maximum Likelihood Estimation (MLE) and seven frequentist methods.
- Monte Carlo simulations are employed to assess the performance of these estimation methods.
Main Results:
- The basic properties of the hcMB-III distribution are derived.
- Performance evaluation of the estimation methods was conducted using biases and mean square errors across various sample sizes.
- The proposed hcMB-III model was applied to a real-world dataset of posterior corneal curvature.
Conclusions:
- The hcMB-III distribution offers a new tool for analyzing half circular data.
- The study provides insights into the performance of different parameter estimation techniques for this new distribution.
- The application to corneal curvature data demonstrates the practical utility of the hcMB-III model.
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