Prediction intervals for future Weibull residual data
by M. Z. Raqab and R. A. Al-Jarallah.
In reliability theory, risk analysis, renewal processes and actuarial studies, the
residual lifetimes data play an important essential role in studying the conditional tail
of the lifetime data. In this paper, Based on some observed ordered residual Weibull
data, we introduce different prediction methods for obtaining prediction intervals of
future residual lifetimes including likelihood, Wald, moments, parametric bootstrap,
and highest conditional methods. Monte Carlo simulations are performed to compare
the performances of the so obtained prediction intervals and one data analysis is
performed for illustration purposes.
Weibull distribution, residual lifetimes, order statistics, prediction interval
M. Z. Raqab, firstname.lastname@example.org
R. A. Al-Jarallah, email@example.com
A. S. Bakleezi, : firstname.lastname@example.org
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