Log Logistic and Weibull distribution
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1) How to decide when to use Log Logistic and Weibull distribution to solve problems and know how to work such problems?
2) What are the alternative continuous distributions for Log Logistic and Weibull distribution. Which means if I don't use Log Logistic and Weibull, which distributions can I use instead to solve the similar problems?
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Muthu Annamalai
2013-2-28
Dua, What do you want to use the probability distributions (pdf) for? Do you want to sample data according to the pdf, or calculate functions of RV, or run Monte Carlo models?
I suspect you could use any pdf resembling the two you mention, if they share a close enough mahalanobis distance http://en.wikipedia.org/wiki/Mahalanobis_distance
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