The Logistic Distribution Notes The Logistic Distribution The logistic distribution has a shape very similar to the normal distribution (i.e., bell shaped), but with heavier tails. Since the logistic distribution has closed form solutions for the reliability, cdf and failure rate functions, it is sometimes preferred over the normal distribution, where these functions can only be obtained … Read more
The Gamma Distribution Notes The Gamma Distribution The gamma distribution is a flexible distribution that may offer a good fit to some sets of life data. Sometimes called the Erlang distribution, the gamma distribution has applications in Bayesian analysis as a prior distribution, and it is also commonly used in queueing theory. The pdf of the gamma … Read more
The Generalized Gamma Distribution Notes The Generalized Gamma Distribution Compared to the other distributions previously discussed, the generalized gamma distribution is not as frequently used for modeling life data; however, it has the the ability to mimic the attributes of other distributions, such as the Weibull or lognormal, based on the values of the distribution’s parameters. This offers a … Read more