Pareto analysis based on records

DOI10.1080/02331888.2012.694440zbMATH Open1440.62158arXiv1205.0638OpenAlexW2006143075MaRDI QIDQ2863090FDOQ2863090

Authors: M. Doostparast, Narayanaswamy Balakrishnan 

Publication date: 21 November 2013

Published in: Statistics (Search for Journal in Brave)

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.

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

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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)

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Cited In (10)

• Hypotheses testing with the two-parameter Pareto distribution on the basis of records in fuzzy environment
• 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
• Estimation and prediction of the Kumaraswamy distribution based on record values and inter-record times

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