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overconfidence would have an important impact on financial markets, among other domains, leading i.a. to excessive trading. The …
Persistent link: https://www.econbiz.de/10009321050
This study investigates the quality of direct probability judgments and quantile estimates with a focus on calibration and consistency. The two response modes use different measures of miscalibration, so it is difficult to directly compare their relative (in)accuracy. We employed a more refined...
Persistent link: https://www.econbiz.de/10009191751
Abstract This paper deals with a new method of deriving the Process Capability Index (PCI) when the quality characteristic X follows a positively skewed distribution. The focus of the paper is to derive a new estimate of PCI by taking into account the {100(1-{\alpha})}   Confidence Intervals...
Persistent link: https://www.econbiz.de/10014591038
Lifetime estimation is significant in engineering asset management. However, the estimate of lifetime or failure time could be misleading as it may not reveal the real value. Therefore, confidence intervals need to be built to quantify the prediction uncertainty. For the Gamma process, which is...
Persistent link: https://www.econbiz.de/10009437741
This thesis is presented as a collection of five papers and one report, each of which has been either published after peer review or submitted for publication. It covers a broad range of applied statistical methods, from deterministic modelling to integrated Bayesian modelling using MCMC, via...
Persistent link: https://www.econbiz.de/10009438291
Background: In this paper we propose the use of the within-subject coefficient of variation as an index of a measurement's reliability. For continuous variables and based on its maximum likelihood estimation we derive a variance-stabilizing transformation and discuss confidence interval...
Persistent link: https://www.econbiz.de/10009447259
The mean residual life (MRL) function is an important function in survival analysis, actuarial science, economics and other social sciences and reliability for characterizing lifetime. Different methods have been proposed for doing inference on the MRL but their coverage probabilities for small...
Persistent link: https://www.econbiz.de/10009463417
Diagnostic testing is essential to distinguish non-diseased individuals from diseased individuals. More accurate tests lead to improved treatment and thus reduce medical mistakes. The sensitivity and specificity are two important measurements for the diagnostic accuracy of a diagnostic test....
Persistent link: https://www.econbiz.de/10009463421
The dissertation considers construction of confidence intervals for a cumulative distribution function F(z) and its inverse at some fixed points z and u on the basis of an i.i.d. sample where the sample size is relatively small. The sample is modeled as having the flexible Generalized Gamma...
Persistent link: https://www.econbiz.de/10009431082
An adaptive, conceptual model for real-time flood forecasting of the Tiber river in Rome is proposed. This model simulates both rainfall-runoff transformations, to reproduce the contributions of 37 ungauged sub-basins that covered about 30% of the catchment area, and flood routing processes in...
Persistent link: https://www.econbiz.de/10010996564