Forthcoming

Likelihood-Based Prediction of Future Weibull Record Values

Accepted - January 2022

Authors

  • Grigoriy Volovskiy RWTH Aachen University
  • Udo Kamps RWTH Aachen University

Keywords:

point prediction, maximum observed likelihood predictor, maximum likelihood predictor, upper record values, Pitman closeness, Weibull distribution

Abstract

Point prediction of future record values from a sequence of independent and identically distributed two-parameter Weibull random variables using the maximum likelihood method is considered. Two possible likelihood functions for prediction, the predictive and the observed predictive likelihood functions, are considered and the associated predictors are derived. Mean squared error and Pitman closeness criterion are used for comparing the prediction procedures.

Published

2022-01-24

How to Cite

Volovskiy , G., & Kamps , U. (2022). Likelihood-Based Prediction of Future Weibull Record Values: Accepted - January 2022. REVSTAT-Statistical Journal. Retrieved from https://revstat.ine.pt/index.php/REVSTAT/article/view/414

Issue

Section

Forthcoming Paper