Research Article

A Novel Frechet-Type Probability Distribution: Its Properties and Applications

Table 2

Goodness of fit result for dataset 1.

ModelMLEAICCAICBICHQICK-Sp-value

MFRD0.96910.3959208.0488208.2227212.6022209.86150.11940.2561
RD−0.4542212.2285212.2856214.5051213.13480.14040.1172
MIRD1.2641−0.0484247.3044247.4783251.8578249.11710.23470.0007
GIRD0.39242.2022290.9948291.1687295.5482292.80750.79772.2e − 16
TIRD0.3558−0.9404294.6214294.7953299.1747296.43410.35064.106e − 08
EIRD0.22852.0379341.9955342.1694346.5488343.80820.47501.554e − 14