Artikel
Maximum product of spacings prediction of future record values
A spacings-based prediction method for future upper record values is proposed as an alternative to maximum likelihood prediction. For an underlying family of distributions with continuous cumulative distribution functions, the general form of the predictor as a function of the estimator of the distributional parameters is established. A connection between this method and the maximum observed likelihood prediction procedure is shown. The maximum product of spacings predictor turns out to be useful to predict the next record value in contrast to likelihood-based procedures, which provide trivial predictors in this particular case. Moreover, examples are given for the exponential and the Pareto distributions, and a real data set is analyzed.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Metrika ; ISSN: 1435-926X ; Volume: 83 ; Year: 2020 ; Issue: 7 ; Pages: 853-868 ; Berlin, Heidelberg: Springer
- Klassifikation
-
Mathematik
Business Economics: General
- Thema
-
Point prediction
Cumulative hazard rate
Spacings
Maximum observed likelihood predictor
Upper record values
Exponential distribution
Pareto distribution
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Volovskiy, Grigoriy
Kamps, Udo
- Ereignis
-
Veröffentlichung
- (wer)
-
Springer
- (wo)
-
Berlin, Heidelberg
- (wann)
-
2020
- DOI
-
doi:10.1007/s00184-020-00767-1
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Volovskiy, Grigoriy
- Kamps, Udo
- Springer
Entstanden
- 2020
Ähnliche Objekte (12)
Maximum product of spacings prediction of future record values
Maximum product of spacings prediction of future record values
Maximum observed likelihood prediction of future record values
Point and interval prediction of record values
Statistical Prediction of Future Sports Records Based on Record Values
Likelihood-based prediction of future Weibull record values
Prediction of record values by using quantile regression curves and distortion functions
Terra maxima : the records of humankind
Estimation of variance components and prediction of breeding values based on group records from varying group sizes
On the Lindley Record Values and Associated Inference
Machine learning for product choice prediction
Production rescheduling through product quality prediction
Maximum product of spacings prediction of future record values
Maximum product of spacings prediction of future record values
Maximum observed likelihood prediction of future record values
Point and interval prediction of record values
Statistical Prediction of Future Sports Records Based on Record Values
Likelihood-based prediction of future Weibull record values
Prediction of record values by using quantile regression curves and distortion functions
Terra maxima : the records of humankind
Estimation of variance components and prediction of breeding values based on group records from varying group sizes
On the Lindley Record Values and Associated Inference
Machine learning for product choice prediction
Production rescheduling through product quality prediction
Maximum product of spacings prediction of future record values
Maximum product of spacings prediction of future record values
Maximum observed likelihood prediction of future record values
Point and interval prediction of record values
Statistical Prediction of Future Sports Records Based on Record Values
Likelihood-based prediction of future Weibull record values
Prediction of record values by using quantile regression curves and distortion functions
Terra maxima : the records of humankind
Estimation of variance components and prediction of breeding values based on group records from varying group sizes
On the Lindley Record Values and Associated Inference
Machine learning for product choice prediction