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Comparison of likelihood-based predictors of future Pareto and Lomax record values in terms of Pitman closeness

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Point prediction of future record values from a sequence of independent and identically distributed Pareto and Lomax random variables is addressed. The focus is on likelihood-based prediction techn... Click to show full abstract

Point prediction of future record values from a sequence of independent and identically distributed Pareto and Lomax random variables is addressed. The focus is on likelihood-based prediction techn...

Keywords: likelihood based; pareto lomax; record values

Journal Title: Communications in Statistics - Theory and Methods
Year Published: 2021

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