Pareto analysis based on records

DOI10.1080/02331888.2012.694440MaRDI QIDQ2863090zbMATH OpenOpenAlexFDO

Authors M. Doostparast, Narayanaswamy Balakrishnan

Publication date 21 November 2013

Published in Statistics (Search for Journal in Brave)

Full work available at URL https://arxiv.org/abs/1205.0638

zbMATH Keywords

generalized likelihood ratio testmonotone likelihood ratioinvariant testuniformly most powerful testshortest-width confidence intervaltwo-parameter Pareto model

Mathematics Subject Classification ID

Parametric hypothesis testing (62F03) Bayesian inference (62F15) Applications of statistics to economics (62P20) Parametric tolerance and confidence regions (62F25) Order statistics; empirical distribution functions (62G30)

Abstract: Estimation of the parameters of an exponential distribution based on record data has been treated by Samaniego and Whitaker (1986) and Doostparast (2009). Recently, Doostparast and Balakrishnan (2011) obtained optimal confidence intervals as well as uniformly most powerful tests for one- and two-sided hypotheses concerning location and scale parameters based on record data from a two-parameter exponential model. In this paper, we derive optimal statistical procedures including point and interval estimation as well as most powerful tests based on record data from a two-parameter Pareto model. For illustrative purpose, a data set on annual wages of a sample production-line workers in a large industrial firm is analyzed using the proposed procedures.

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Cited in

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• Estimation and prediction of the Kumaraswamy distribution based on record values and inter-record times
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• Optimal record-based statistical procedures for the two-parameter exponential distribution
• Statistical inference for the power Lindley model based on record values and inter-record times
• Bayesian estimation and prediction based on lognormal record values
• Estimation of the parameters of Pareto distribution based on records and inter-record times
• The Pareto record frontier
• Estimation with the generalized exponential distribution based on record values and inter-record times
• Estimation and prediction of the Burr type XII distribution based on record values and inter-record times
• Bayesian analysis for the two-parameter Pareto distribution based on record values and times

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