We introduce an analysis model, an extended Drude–Lorentz model, and apply it to Fe-pnictide systems to extract their electron–boson spectral density functions (or correlation spectra). The extended Drude–Lorentz model consists of an extended Drude mode for describing correlated charge carriers and Lorentz modes for interband transitions. The extended Drude mode can be obtained by a reverse process starting from the electron–boson spectral density function and extending to the optical self-energy and, eventually, to the optical conductivity. Using the extended Drude–Lorentz model, we obtained the electron–boson spectral density functions of K-doped BaFe₂As₂ (Ba-122) at four different doping levels. We discuss the doping-dependent properties of the electron–boson spectral density function of K-doped Ba-122. We also can include pseudogap effects in the model using this approach. Therefore, this approach is very helpful for understanding and analyzing measured optical spectra of strongly correlated electron systems, including high-temperature superconductors (cuprates and Fe-pnictides).