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On alternative q-Weibull and q-extreme value distributions: Properties and applications

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  • Zhang, Fode
  • Ng, Hon Keung Tony
  • Shi, Yimin

Abstract

Tsallis statistics and Tsallis distributions have been attracting a significant amount of research work in recent years. Importantly, the Tsallis statistics, q-distributions have been applied in different disciplines. Yet, a relationship between some existing q-Weibull distributions and q-extreme value distributions that is parallel to the well-established relationship between the conventional Weibull and extreme value distributions through a logarithmic transformation has not be established. In this paper, we proposed an alternative q-Weibull distribution that leads to a q-extreme value distribution via the q-logarithm transformation. Some important properties of the proposed q-Weibull and q-extreme value distributions are studied. Maximum likelihood and least squares estimation methods are used to estimate the parameters of q-Weibull distribution and their performances are investigated through a Monte Carlo simulation study. The methodologies and the usefulness of the proposed distributions are illustrated by fitting the 2014 traffic fatalities data from The National Highway Traffic Safety Administration.

Suggested Citation

  • Zhang, Fode & Ng, Hon Keung Tony & Shi, Yimin, 2018. "On alternative q-Weibull and q-extreme value distributions: Properties and applications," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 490(C), pages 1171-1190.
    • Handle: RePEc:eee:phsmap:v:490:y:2018:i:c:p:1171-1190
    DOI: 10.1016/j.physa.2017.09.009
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    References listed on IDEAS

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