ON A NEW WEIBULL LOMAX DISTRIBUTION WITH FIVE PARAMETERS

Abstract

This study introduces the "New Weibull Lomax Distribution (NWLD)," a five-parameter distribution developed by extending the Weibull-G family and integrating an additional parameter into the existing four-parameter Weibull Lomax distribution. The NWLD aims to provide a robust alternative for modelling that enhances the practical applicability and efficiency of traditional models in statistical analysis. The NWLD's cumulative distribution function and probability density function are shown in this paper. However, the unique distribution's validity was demonstrated. The approach is grounded in the established frameworks of generalized classes of distributions, contributing to the ongoing evolution of probabilistic modelling techniques.