Abstract
When data are hazy or uncertain, estimators given under classical statistics are ineffective. Given that it deals with uncertainty, neutrosophic statistics is the sole alternative. Due to the vast range of applications, extensive research has been done in this area. The objective of this study is to determine the most accurate predictions for the population mean with the least amount of mean square error. We have created neutrosophic ratio type estimators, when working with ambiguous, hazy, and neutrosophic-type data, the proposed estimation methods are very useful for computing results. These estimators produce findings that are not single-valued but rather have an interval form, where our population parameter may lie more frequently. Since we have an estimated interval with the unknown population mean value given a minimal mean square error, it improves the estimators’ efficiency. Real life neutrosophic line losses data and simulation are both used to analyze the effectiveness of the proposed neutrosophic ratio-type estimators. Additionally, a comparison is made to show how helpful Neutrosophic ratio type estimator is in comparison to existing estimators.
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