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Future record values prediction in exponential distribution
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Saeed Bagrezaei *   , Ebrahim Aminiseresht |
| Razi university |
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Abstract: (5029 Views) |
| According to the first nth observations of the upper record from exponential distribution, in this article, we can compute maximum likelihood estimation of this distribution parameter. We, then, concentrate on point prediction of the future upper record values in exponential distribution based both on classic and Bayes approaches and second degree and linex loss functions.We, ultimately, deal with numerical comparison available point predictions through Monte Carlo simulation. |
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| Keywords: Bayes, Inverse gamma distribution, Predictor, Prior distribution, Record values |
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Full-Text [PDF 463 kb]
(1565 Downloads)
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Type of Study: Research |
Subject:
Special
Received: 2012/08/5 | Accepted: 2013/11/5 | Published: 2015/06/17
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