Some Characterizations of Transmuted Modified Burr III Distribution
Fiaz Ahmad Bhatti *
National College of Business Administration and Economics, Lahore, Pakistan
G. G. Hamedani
Marquette University, USA
Azeem Ali
Government College University, Lahore, Pakistan
Munir Ahmad
National College of Business Administration and Economics, Lahore, Pakistan
*Author to whom correspondence should be addressed.
Abstract
In this paper, Transmuted Modified Burr III (TMBIII) distribution (Ali and Ahmad; 2015) is characterized through (i) ratio of truncated moments; (ii) doubly truncated moments; (iii) hazard rate function; (iv) reverse hazard rate function and (v) elasticity function. The applications of characterizations of TMBIII distribution will be beneficial for scientists in different areas of science.
Keywords: Characterizations, truncated moments, hazard rate, reverse hazard rate, elasticity