Comparison of Estimation Methods of the Power Generalized Weibull Distribution
DOI:
https://doi.org/10.6092/issn.1973-2201/12924Keywords:
Power Generalized Weibull distribution, maximum product of spacings estimators, percentile estimators, Order StatisticsAbstract
This article aims to discuss different estimation methods for the power generalized Weibull distribution. An extensive simulation study is carried out to assess the effectiveness of the estimation of model parameters using numerous well known classical methods of estimation. Furthermore, the Bayes estimators of the unknown parameters are also obtained under different loss functions. Monte Carlo simulations are used to assess the performances of the proposed estimators. Besides, bootstrap/ credible intervals are obtained based on considered methods of estimation. Finally, the potentiality of the distribution is illustrated by means of re-analyzing one real data set.
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