A new probability Chen model: Properties, risk analysis and distributions validation for testing using the right censored real data

This paper introduces and explores a new flexible probability distribution called the BXGZC model, with a focus on its properties, applications in actuarial risk analysis, and validation using real-world right-censored data. The proposed model builds upon the Chen distribution, offering enhanced adaptability for modeling both positively and negatively skewed da-tasets commonly encountered in insurance and […]