Abstract: In this paper we consider Weibull Fréchet distribution and study its properties. The Marshall-Olkin Weibull Fréchet distribution is developed and studied in detail. AR(1) models with Weibull Fréchet marginal distribution are introduced. As a further extension general theory of Max-Min AR(1) processes are also developed and generalized it to Kth order. Max-Min process with Weibull Fréchet marginal distribution is introduced and studied. Applications are also discussed.
Keywords: AR(1) models, Max-Min processes, Marshall-Olkin Weibull Fréchet distribution, Weibull Fréchet distribution.
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