An Exponentiated Odd Lindley Inverse Exponential Distribution and its Application to Infant Mortality and HIV Transmission Rates in Nigeria
Recently, researchers have shown much interest in developing new continuous probability distributions by adding one or two parameter(s) to the some existing baseline distributions. This act has been beneficial to the field of statistical theory especially in modeling of real life situations. Also, the exponentiated family as used in developing new distributions is an efficient method proposed and studied for defining more flexible continuous probability distributions for modeling real life data. In this study, the method of exponentiation has been used to develop a new distribution called “Exponentiated odd Lindley inverse exponential distribution”. Some properties of the proposed distribution and estimation of its unknown parameters has been done using the method of maximum likelihood estimation and its application to real life datasets. The new model has been applied to infant mortality rate and mother-to-child HIV transmission rate. The results of these two applications reveal that the proposed model is a better model compared to the other fitted existing models by some selection information criteria.