The Gompertz Inverse Exponential (GoIE) distribution with applications

Abstract

Abstract The Gompertz inverse exponential (GoIE) distribution using the Gompertz generalized family of distributions was derived and introduced in this article. Some basic statistical properties of the model were derived and discussed in minute details. The model parameters were estimated using the maximum likelihood estimation method. Real-life applications were provided and the GoIE distribution provides better fits than the Gompertz exponential, Gompertz Weibull and Gompertz Lomax distributions.