1
PhD student, Department of Statistics, Razi University
2
Master's student, Department of Statistics, Razi University
Abstract
In this paper, we want to obtain a maximum likelihood estimate of the parameter of the exponential distribution based on observations of the first n upper records. Then, we focus on the problem of point prediction of future upper records in the exponential distribution based on classical and Bayesian approaches under quadratic and Linex loss functions. Finally, we will numerically compare the obtained point predictions through Monte Carlo simulation.
