Statistical Inference of Truncated Cauchy Power-Inverted Topp-Leone Distribution under Hybrid Censored Scheme with Applications

In this article, a new two-parameter model called the truncated Cauchy power-inverted Topp-Leone (TCP-ITL) is constructed by merging the truncated Cauchy power -G (TCP-G) family with the inverted Topp-Leone (ITL) distribution. Some structural properties of the newly suggested model are obtained. Different types of entropies are proposed under the TCP-ITL distribution. Under the complete and hybrid censored data, the maximum likelihood (ML), maximum product of spacing (MPSP), and Bayesian estimate approaches are explored. A simulation study is developed to test the proposed distribution's restricted sample attributes. In the majority of cases, the numerical data revealed that the Bayesian estimates provided more accurate outcomes than the equivalent alternative estimates. The adaptability of the proposed approach is proven using examples from dependability, medicine, and engineering. A real-world data set is utilized to demonstrate the potential of the TCP-ITL distribution in comparison to other well-known distributions. The results of the model selection revealed that the proposed distribution is the best choice for the data sets under consideration.