Computation approaches for parameter estimation of Weibull distribution

DOI10.3390/MCA17010039MaRDI QIDQ1649186zbMATH OpenOpenAlexFDO

Authors Yunn-Kuang Chu, Jau-Chuan Ke

Publication date 5 July 2018

Published in Mathematical \& Computational Applications (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.3390/mca17010039

zbMATH Keywords

least squares methodmaximum likelihood methodsample root mean square errorsimulationWeibull distribution

Mathematics Subject Classification ID

Point estimation (62F10)

Review text

Summary: This paper examines the estimation comparison of two methods for Weibull parameters, one is the maximum likelihood method and the other is the least squares method. A numerical simulation study is carried out to understand performance of the two methods. Based on sample root mean square errors, we make a comparison between the two computation approaches. We find that the least squares method significantly outperforms the maximum likelihood when the sample size is small.

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• A multi-objective programming approach to Weibull parameter estimation
• Comparison of estimation methods for the Weibull distribution
• Grey-based approach for estimating Weibull model and its application

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