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ABSTRACT
The Burr III distribution is well-defined by means of Burr distribution including the moments and the maximum likelihood estimation method is used to obtain the shape parameters of the distribution. Some of its basic statistical properties were derived including the moments, parameter estimation, the maximum likelihood was adopted in estimating the parameters of the proposed distribution and its application to real dataset was illustrated and performance compared to other related distribution. Using the Burr III Distribution, we analysed two lifetime dataset and compares it to the Lomax Distribution. And from our analysis, we found out that the Burr III distribution is a more suitable choice for modelling your dataset than the Lomax distribution. This conclusion is based on key statistical measures, including a higher p-value, Kolmogorov-Smirnov statistics, and information criteria, all of which consistently favour the
