Abstract
The two-parameter Burr type X distribution is proposed to be the underlying model, and prediction bounds for future lifetimes are obtained using the Bayesian approach. Prediction intervals are derived for unobserved lifetimes in the same sample (one-sample prediction) and in a future sample from the same population (two-sample prediction) based on type-II censored samples. A numerical example is given to illustrate the procedures, and the accuracy of prediction intervals is investigated via Monte Carlo simulation.
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.