Estimation of the Parameters of Burr Type III Distribution Based on Dual Generalized Order Statistics

The estimation of the parameters of Burr type III distribution based on dual generalized order statistics is considered by using the maximum likelihood (ML) approach as well as the Bayesian approach. The exact expression of the expected Fisher information matrix of the parameters in the distribution...

Full description

Saved in:
Bibliographic Details
Main Authors: Chansoo Kim, Woosuk Kim
Format: Article
Language:English
Published: Wiley 2014-01-01
Series:The Scientific World Journal
Online Access:http://dx.doi.org/10.1155/2014/512039
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:The estimation of the parameters of Burr type III distribution based on dual generalized order statistics is considered by using the maximum likelihood (ML) approach as well as the Bayesian approach. The exact expression of the expected Fisher information matrix of the parameters in the distribution is obtained. Also, an approximation based on Lindley is used to obtain the Bayes estimator. To compare the maximum likelihood estimator and the Bayes estimator of the parameters, Monte Carlo simulation study is performed.
ISSN:2356-6140
1537-744X