Abstract
The most applied principles for parameter estimation are maximum likelihood and least square error. This paper presents a new principle with regard to the parameter estimation of the three-parameter Weibull distribution. By transforming the cumulative distribution function, constructed is a mapping from the value of the random variable and its corresponding cumulative distribution probability to the scale parameter. The scale parameter estimated by such a mapping is the random variable value and the corresponding cumulative distribution probability dependent when the shape parameter and/ or location parameter applied in the mapping is subject to error. Given a set of random variable values or a set of sample values, a larger error in the shape/location parameter brings about larger differences between the scale parameter values obtained with the individual random variable values or sample values, respectively. Based on such a causal relationship between the discrepancy and the shape/ location parameter value applied in the mapping relation, a new parameter estimation method is proposed. For the Weibull distribution parameter estimation according to a set of sample values, the right shape parameter and location parameter are those minimizing the discrepancy between the scale parameter values obtained with the individual sample values, respectively. Case studies demonstrate that the proposed method outperforms the maximum likelihood method and the Weibull plot-based least squares method.
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More From: International Journal of Structural Stability and Dynamics
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