Abstract
The objective of this paper is to develop a methodology to construct and compute in a Bayesian setting, point and interval predictions based on general progressive Type-II censored data from Weibull model. Prediction bounds for the future observations (2-sample prediction) based on this type of censored will be derived. Bayesian predictions are obtained based on a continuous–discrete joint prior for the unknown two parameters. We have examined point predictions under symmetric and asymmetric loss functions. As application, the total duration time in a life test and the failure time of a k-out-of-m system may be predicted. An illustrative example consisting of various types of real data from an accelerated test on insulating fluid reported by Nelson (1982) [17] is presented. Finally, some numerical results using simulation study concerning different sample sizes, and different progressive censoring schemes were reported. A study of 10 000 randomly generated future samples from the same distribution shows that the actual prediction levels are satisfactory.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.