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Numerous robust estimators exist as alternatives to the maximum likelihood estimator (MLE) when a completely observed ground-up loss severity sample dataset is available. However, the options for robust alternatives to a MLE become significantly limited when dealing with grouped loss severity...
Persistent link: https://www.econbiz.de/10014497443
In an earlier paper by Glänzel and Schubert [Glänzel, W., & Schubert, A. (1988a). Characteristic scores and scales in assessing citation impact. Journal of Information Science, 14(2), 123–127; Glänzel, W., & Schubert, A. (1988b). Theoretical and empirical studies of the tail of scientometric...
Persistent link: https://www.econbiz.de/10011039480
We derive formulae for the higher order tail moments of the lower truncated multivariate standard normal (MVSN), Student’s t, lognormal and a finite-mixture of multivariate normal distributions (FMVN). For the MVSN we propose a recursive formula for moments of arbitrary order as a...
Persistent link: https://www.econbiz.de/10011041966
In this study, we propose to apply the transmuted log-logistic (TLL) model which is a generalization of log-logistic model, in a Bayesian context. The log-logistic model has been used it is simple and has a unimodal hazard rate, important characteristic in survival analysis. Also, the TLL model...
Persistent link: https://www.econbiz.de/10012611001
In this study, we propose to apply the transmuted log-logistic (TLL) model which is a generalization of log-logistic model, in a Bayesian context. The log-logistic model has been used it is simple and has a unimodal hazard rate, important characteristic in survival analysis. Also, the TLL model...
Persistent link: https://www.econbiz.de/10011855155
In this paper we analyze the size distribution of Italian firms by age. In other words, we want to establish whether the way that the size of firms is distributed varies as firms become old. As a proxy of size we use capital. In [L.M.B. Cabral, J. Mata, On the evolution of the firm size...
Persistent link: https://www.econbiz.de/10010873545
This paper presents optimum simple step-stress plans under the log-logistic cumulative exposure model. The likelihood function of the model parameters is derived, from which the Fisher information matrix and the asymptotic variance of the reliability estimate are obtained. Optimum times of...
Persistent link: https://www.econbiz.de/10011000653
A double acceptance sampling plan for the truncated life test is developed assuming that the lifetime of a product follows a generalized log-logistic distribution with known shape parameters. The zero and one failure scheme is mainly considered, where the lot is accepted if no failures are...
Persistent link: https://www.econbiz.de/10008503030
Sampling plans in which items that are put to test, to collect the life of the items in order to decide upon accepting or rejecting a submitted lot, are called reliability test plans. The basic probability model of the life of the product is specified as the well-known log-logistic distribution...
Persistent link: https://www.econbiz.de/10005458391
The log-logistic distribution is one of the popular distributions in life-testing applications. This article develops an acceptance sampling procedure for the log-logistic lifetime distribution based on grouped data when the shape parameter is given. Both producer and consumer risks are...
Persistent link: https://www.econbiz.de/10004966831