Future record values prediction in exponential distribution

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Abstract:

According to the first nth observations of the upper record from exponential distribution, in this article, we can compute maximum likelihood estimation of this distribution parameter. We, then, concentrate on point prediction of the future upper record values in exponential distribution based both on classic and Bayes approaches and second degree and linex loss functions.We, ultimately, deal with numerical comparison available point predictions through Monte Carlo simulation.

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Journal title

volume 18  issue 2

pages  27- 34

publication date 2014-03

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