dos Santos, Carlos A.; Granzotto, Daniele C. T.; … - In: Journal of risk and financial management : JRFM 11 (2018) 1, pp. 1-12

In this study, we propose to apply the transmuted log-logistic (TLL) model which is a generalization of log-logistic model, in a Bayesian context. The log-logistic model has been used it is simple and has a unimodal hazard rate, important characteristic in survival analysis. Also, the TLL model...