Statistics Seminars: A New Inference Method for Lifetime Distribution with Censored Data
4 October 2010 14:15 in CM105
Lifetime distributions, including many probability distributions such as exponential distributions, Weibull distribution, have been widely used to modelling risk or loss or failure or death in a variety of areas.The data associated with lifetime distribution analyses often get censored. The commonly used method for fitting lifetime distributions, including parameter estimation and confidence interval estimation is maximum likelihood estimation (MLE) method. In this talk we present a new method, namely Inverse estimation (IE) method, for fitting a class of lifetime distributions with some types of censored data. The IE method is based on a neat nonlinear combination of the order statistics, and is shown to outperform MLE method for the family of distributions.
Host: Frank Coolen
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