New Weibull-Pareto distribution is a significant and practical continuous lifetime distribution, which plays an important role in reliability engineering and analysis of some physical properties of chemical compounds such as… Click to show full abstract
New Weibull-Pareto distribution is a significant and practical continuous lifetime distribution, which plays an important role in reliability engineering and analysis of some physical properties of chemical compounds such as polymers and carbon fibres. In this paper, we construct the predictive interval of unobserved units in the same sample (one sample prediction) and the future sample based on the current sample (two-sample prediction). The used samples are generated from new Weibull-Pareto distribution due to a progressive type-II censoring scheme. Bayesian and maximum likelihood approaches are implemented to the prediction problems. In the Bayesian approach, it is not easy to simplify the predictive posterior density function in a closed form, so we use the generated Markov chain Monte Carlo samples from the Metropolis-Hastings technique with Gibbs sampling. Moreover, the predictive interval of future upper-order statistics is reported. Finally, to demonstrate the proposed methodology, both simulated data and real-life data of carbon fibres examples are considered to show the applicabilities of the proposed methods.
               
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