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A new three parameter Fréchet model with mathematical properties and applications

A new three parameter Fréchet model with mathematical properties and applications

A new three-parameter extension of the Fréchet model is proposed and studied. Some of its statistical properties are derived. A simple type Copula-based construction via Morgenstern family and via Clayton copula is used to derive many bivariate and multivariate extensions of the new model. We assessed the performance of the …