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A new three parameter Fréchet model with mathematical properties and applications
Journal article   Open access  Peer reviewed

A new three parameter Fréchet model with mathematical properties and applications

Abdulhakim A. Al-Babtain, I. Elbatal and Haitham M. Yousof
Journal of Taibah University for Science, Vol.14(1), pp.265-278
01/01/2020

Abstract

Clayton copula entropies Fréchet distribution modelling Morgenstern family simulation
A new three-parameter extension of the Fréchet model is proposed and studied. Some of its statistical properties are derived. A simple type Copula-based construction via Morgenstern family and via Clayton copula is used to derive many bivariate and multivariate extensions of the new model. We assessed the performance of the maximum likelihood estimators using a simulation study. The importance of the new model is shown via two applications to real data sets.
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https://doi.org/10.1080/16583655.2020.1733767View
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