Classical and Bayesian Inference of GPW Distribution Based on Record Values: Estimation and Prediction | ||||
المجلة العلمية لقطاع کليات التجارة بجامعة الأزهر | ||||
Article 4, Volume 25, Issue 1, January 2021, Page 24-44 PDF (8.62 MB) | ||||
Document Type: المقالة الأصلية | ||||
DOI: 10.21608/jsfc.2021.248474 | ||||
View on SCiNiTO | ||||
Author | ||||
Ù…Øمود على سليم الصانع | ||||
کلية التجارة جامعة الازهر | ||||
Abstract | ||||
In this paper, the classical and Bayesian estimation of the parameters of generalized power Weibull distribution based on record values are discussed. Lindley approximation is used to obtain explicit forms of Bayes estimators. Also, the classical and Bayesian predictions of the future record values from generalized power Weibull distribution are discussed. A real dataset and the simulation study are presented for illustration purposes. | ||||
Keywords | ||||
generalized power Weibull distribution; record values; squared error loss function; prediction; Bayes estimation; Lindley approximation; maximum likelihood estimation; application | ||||
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