In this article, we explore a new two-parameter family of distribution, which is derived by suitably replacing the exponential term in the Gompertz distribution with a hyperbolic sine term. The resulting new family of distribution is referred to as the Gompertz-sinh distribution, and it possesses a thicker and longer lower tail than the Gompertz family, which is often used to model highly negatively skewed data. Moreover, we introduce a useful generalization of this model by adding a second shape parameter to accommodate a variety of density shapes as well as non-decreasing hazard shapes. The flexibility and better fitness of the new family, as well as its generalization, is demonstrated by providing well-known examples that involve complete, group, and censored data.
|Pages (from-to)||1 - 11|
|Journal||Journal of Applied Statistics|
|State||Published - Jan 2010|