Modified ratio-product estimator of population mean in the presence of median and coefficient of variation of the auxiliary variable in stratified random sampling

Abstract

For the past decades, the estimation of population mean is one of the challenging aspects in sampling survey techniques and much effort has been employed to improve the precision of estimates. In this research work, we proposed a modified ratio-product estimator of population mean of the variable of interest using median and coefficient of variation of the auxiliary variable in stratified random sampling scheme. The expression of bias and MSE of the proposed estimator have been obtained under large sample approximation, asymptotically optimum estimator (AOE) is identified with its approximate MSE formula. Estimator based on “estimated optimum values” was also investigated. Theoretical and empirical comparison of proposed estimator with some other ratio and product estimator justified the performance of the proposed estimator. There is a minimum of 15 percent reduction in the MSE from each of the existing ratio and product estimators considered. Thus most preferred over the existing estimators for the use in practical application.Keywords: bias, mean square error, auxiliary variable, optimum estimator, stratified random sampling, study variable