IDEAS home Printed from https://ideas.repec.org/a/gam/jstats/v5y2022i4p69-1173d975279.html
   My bibliography  Save this article

A Weibull-Beta Prime Distribution to Model COVID-19 Data with the Presence of Covariates and Censored Data

Author

Listed:
  • Elisângela C. Biazatti

    (Department of Mathematics and Statistics, Federal University of Rondônia, Ji-Paraná 76900, Brazil)

  • Gauss M. Cordeiro

    (Departamento de Estatística, Universidade Federal de Pernambuco, Cidade Universitária, Recife 50670, Brazil)

  • Gabriela M. Rodrigues

    (Departamento de Ciências Exatas, Universidade de São Paulo, ESALQ/USP, Piracicaba 13418, Brazil)

  • Edwin M. M. Ortega

    (Departamento de Ciências Exatas, Universidade de São Paulo, ESALQ/USP, Piracicaba 13418, Brazil)

  • Luís H. de Santana

    (Departamento de Tecnologia, Universidade Estadual de Maringá, Umuarama 87506, Brazil)

Abstract

Motivated by the recent popularization of the beta prime distribution, a more flexible generalization is presented to fit symmetrical or asymmetrical and bimodal data, and a non-monotonic failure rate. Thus, the Weibull-beta prime distribution is defined, and some of its structural properties are obtained. The parameters are estimated by maximum likelihood, and a new regression model is proposed. Some simulations reveal that the estimators are consistent, and applications to censored COVID-19 data show the adequacy of the models.

Suggested Citation

  • Elisângela C. Biazatti & Gauss M. Cordeiro & Gabriela M. Rodrigues & Edwin M. M. Ortega & Luís H. de Santana, 2022. "A Weibull-Beta Prime Distribution to Model COVID-19 Data with the Presence of Covariates and Censored Data," Stats, MDPI, vol. 5(4), pages 1-15, November.
  • Handle: RePEc:gam:jstats:v:5:y:2022:i:4:p:69-1173:d:975279
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2571-905X/5/4/69/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2571-905X/5/4/69/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Marcelo Bourguignon & Manoel Santos-Neto & Mário Castro, 2021. "A new regression model for positive random variables with skewed and long tail," METRON, Springer;Sapienza Università di Roma, vol. 79(1), pages 33-55, April.
    2. Vuong, Quang H, 1989. "Likelihood Ratio Tests for Model Selection and Non-nested Hypotheses," Econometrica, Econometric Society, vol. 57(2), pages 307-333, March.
    3. Hisham M. Almongy & Ehab M. Almetwally & Randa Alharbi & Dalia Alnagar & E. H. Hafez & Marwa M. Mohie El-Din & Ahmed Mostafa Khalil, 2021. "The Weibull Generalized Exponential Distribution with Censored Sample: Estimation and Application on Real Data," Complexity, Hindawi, vol. 2021, pages 1-15, February.
    4. McDonald, James B. & Xu, Yexiao J., 1995. "A generalization of the beta distribution with applications," Journal of Econometrics, Elsevier, vol. 69(2), pages 427-428, October.
    5. McDonald, James B. & Butler, Richard J., 1990. "Regression models for positive random variables," Journal of Econometrics, Elsevier, vol. 43(1-2), pages 227-251.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Vladimir Hlasny, 2021. "Parametric representation of the top of income distributions: Options, historical evidence, and model selection," Journal of Economic Surveys, Wiley Blackwell, vol. 35(4), pages 1217-1256, September.
    2. Ramos, Arturo, 2019. "Addenda to “Are the log-growth rates of city sizes distributed normally? Empirical evidence for the USA [Empir. Econ. (2017) 53:1109-1123]”," MPRA Paper 93032, University Library of Munich, Germany.
    3. Erengul Dodd & George Streftaris, 2017. "Prediction of settlement delay in critical illness insurance claims by using the generalized beta of the second kind distribution," Journal of the Royal Statistical Society Series C, Royal Statistical Society, vol. 66(2), pages 273-294, February.
    4. Shi, Peng & Valdez, Emiliano A., 2011. "A copula approach to test asymmetric information with applications to predictive modeling," Insurance: Mathematics and Economics, Elsevier, vol. 49(2), pages 226-239, September.
    5. Peng Shi & Wei Zhang, 2011. "A copula regression model for estimating firm efficiency in the insurance industry," Journal of Applied Statistics, Taylor & Francis Journals, vol. 38(10), pages 2271-2287.
    6. Fabio Clementi & Mauro Gallegati & Giorgio Kaniadakis, 2012. "A new model of income distribution: the κ-generalized distribution," Journal of Economics, Springer, vol. 105(1), pages 63-91, January.
    7. Tae-Hwy Lee & Yong Bao & Burak Saltoğlu, 2007. "Comparing density forecast models Previous versions of this paper have been circulated with the title, 'A Test for Density Forecast Comparison with Applications to Risk Management' since October 2003;," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 26(3), pages 203-225.
    8. Ahmad Abubakar Suleiman & Hanita Daud & Narinderjit Singh Sawaran Singh & Mahmod Othman & Aliyu Ismail Ishaq & Rajalingam Sokkalingam, 2023. "A Novel Odd Beta Prime-Logistic Distribution: Desirable Mathematical Properties and Applications to Engineering and Environmental Data," Sustainability, MDPI, vol. 15(13), pages 1-25, June.
    9. Bartolomeus Häussling Löwgren & Joris Weigert & Erik Esche & Jens-Uwe Repke, 2020. "Uncertainty Analysis for Data-Driven Chance-Constrained Optimization," Sustainability, MDPI, vol. 12(6), pages 1-17, March.
    10. José María Sarabia & Vanesa Jordá & Faustino Prieto & Montserrat Guillén, 2020. "Multivariate Classes of GB2 Distributions with Applications," Mathematics, MDPI, vol. 9(1), pages 1-21, December.
    11. Sun, Jiafeng & Frees, Edward W. & Rosenberg, Marjorie A., 2008. "Heavy-tailed longitudinal data modeling using copulas," Insurance: Mathematics and Economics, Elsevier, vol. 42(2), pages 817-830, April.
    12. Enrique Calderín-Ojeda & Kevin Fergusson & Xueyuan Wu, 2017. "An EM Algorithm for Double-Pareto-Lognormal Generalized Linear Model Applied to Heavy-Tailed Insurance Claims," Risks, MDPI, vol. 5(4), pages 1-24, November.
    13. Yang, Xipei & Frees, Edward W. & Zhang, Zhengjun, 2011. "A generalized beta copula with applications in modeling multivariate long-tailed data," Insurance: Mathematics and Economics, Elsevier, vol. 49(2), pages 265-284, September.
    14. Fabrice Gilles & Sabina Issehnane & Florent Sari, 2022. "Using short-term jobs as a way to find a regular job. What kind of role for local context?," TEPP Working Paper 2022-07, TEPP.
    15. repec:hal:spmain:info:hdl:2441/dambferfb7dfprc9m052g20qh is not listed on IDEAS
    16. Paulo M. D. C. Parente & Richard J. Smith, 2021. "Quasi‐maximum likelihood and the kernel block bootstrap for nonlinear dynamic models," Journal of Time Series Analysis, Wiley Blackwell, vol. 42(4), pages 377-405, July.
    17. Cornelia Lawson, 2013. "Academic Inventions Outside the University: Investigating Patent Ownership in the UK," Industry and Innovation, Taylor & Francis Journals, vol. 20(5), pages 385-398, July.
    18. Vipin Arora & Shuping Shi, 2016. "Nonlinearities and tests of asset price bubbles," Empirical Economics, Springer, vol. 50(4), pages 1421-1433, June.
    19. Luiz Paulo Fávero & Joseph F. Hair & Rafael de Freitas Souza & Matheus Albergaria & Talles V. Brugni, 2021. "Zero-Inflated Generalized Linear Mixed Models: A Better Way to Understand Data Relationships," Mathematics, MDPI, vol. 9(10), pages 1-28, May.
    20. Da Fonseca José & Grasselli Martino & Ielpo Florian, 2014. "Estimating the Wishart Affine Stochastic Correlation Model using the empirical characteristic function," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 18(3), pages 1-37, May.
    21. Hansen, Lars Peter & Heaton, John & Luttmer, Erzo G J, 1995. "Econometric Evaluation of Asset Pricing Models," The Review of Financial Studies, Society for Financial Studies, vol. 8(2), pages 237-274.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jstats:v:5:y:2022:i:4:p:69-1173:d:975279. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.