Ramos Louzada Lomax Distribution: Properties and Estimators

Abstract

In this paper, we present the Ramos-Louzada Lomax distribution, which is an expansion of the Lomax distribution. Important statistical properties such as the arithmetic mean moments, the variance, the coefficient of skewness, and the coefficient of kurtosis were determined. The parameters of this distribution was estimated using the maximum likelihood method, and part of a simulation study was presented to determine the efficiency of this method. One of the most important conclusions was knowing the efficiency of the maximum potential method and the extent of its capabilities in estimating the parameters of this distribution.