On Five-Parameter Lomax Distribution:Properties and Applications

We introduce a five-parameter continuous model, called the beta exponentiated Lomax distribution, to extend the two-parameter Lomax distribution. Some structural properties of this new distribution such as moments, incomplete moments, mean residual life , mean waiting time and Rényi entropy are obtained. The method of maximum likelihood is proposed for estimating the model parameters. We obtain the observed information matrix. Three real data sets illustrate the importance and flexibility of the proposed model.