A two-parameter Inverted Weighted Exponential distribution was derived in this paper. Its various statistical properties were established and the maximum likelihood estimation method was used to estimate the model parameters. Two real life applications were provided to assess the superiority of the Inverted Weighted Exponential distribution over existing distributions.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.