Physical Sciences and Mathematics Commons^™

A New Class Of Generalized Dagum Distribution With Applications To Income And Lifetime Data, Broderick O. Oluyede, Shujiao Huang, Mavis Pararai

Department of Mathematical Sciences Faculty Publications

The generalized beta distribution of the second kind (GB2), McDonald [11], McDonald and Xu [12] is an important distribution with applications in finance and actuarial sciences, as well as economics, where Dagum distribution which is a sub-model of GB2 distribution plays an important role in size distribution of personal income. In this note, a new class of generalized Dagum distribution called gamma-Dagum distribution is presented. The gamma-Dagum (GD) distribution which includes the gamma-Burr III (GB III), gamma-Fisk or gamma-log logistic (GF of GLLog), Zografos and Balakrishnan-Dagum (ZB-D), ZB-Burr III (ZB-B III), ZB-Fisk of ZB-Log logistic (ZB-F or ZB-LLog), Burr III …