International Journal of Neutrosophic Science
IJNS
2690-6805
2692-6148
10.54216/IJNS
https://www.americaspg.com/journals/show/3475
2020
2020
Modeling Extreme Healthcare Costs Using the Neutrosophic Cauchy Distribution
Department of Mathematics, College of Science and Humanities in Al-Kharj, Prince Sattam Bin Abdulaziz University, Al-Kharj, 11942, Saudi Arabia
Afrah
Afrah
School of Economics, Beijing technology and business university, Beijing, China
Adnan
Amin
Real data modelling of extreme events, such as rainfall, temperature, financial costs is very important in neutrosophic statistical methods. The Cauchy distribution is one of statistical models used for modelling such extreme events in natural processes. In cases of imprecise data which most often involve vague, incomplete and ambiguous information, standard statistical methods cannot fully describe the spectrum of uncertainty. In this study, we have considered a new Cauchy distribution under neutrosophic context to deal with uncertain data. The proposed neutrosophic Cauchy distribution (NCD) may analysis extreme events data involving incomplete observations. We provide basic mathematical characteristics and important statistical functions of the Cauchy model under neutrosophic framework. A complete procedure of random numbers generation using neutrosophic quantile function is discussed. The unknown parameters of the proposed are estimated using the maximum likelihood approach. Numerical results show that the proposed model adequately fits the data involving extreme and imprecise values. The performance and flexibility of the model are also supported by an application to a real data set.
2025
2025
262
271
10.54216/IJNS.250422
https://www.americaspg.com/articleinfo/21/show/3475