The power-Cauchy negative-binomial: properties and regression

Abstract

We propose and study a new compounded model to extend the half-Cauchy and power-Cauchy distributions, which offers more flexibility in modeling lifetime data. The proposed model is analytically tractable and can be used effectively to analyze censored and uncensored data sets. Its density function can have various shapes such as reversed-J and right-skewed. It can accommodate different hazard shapes such as decreasing, upside-down bathtub and decreasing-increasing-decreasing. Some mathematical properties of the new distribution can be determined from a linear combination for its density function such as ordinary and incomplete moments. The performance of the maximum likelihood method to estimate the model parameters is investigated by a simulation study. Further, we introduce the new log-power-Cauchy negative-binomial regression model for censored data, which includes as sub-models some widely known regression models that can be applied to censored data. Four real life data sets, of which one is censored, have been analyzed and the new models provide adequate fits.

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