Prediction Inverse Wiebull Generalized Order Statistics Record Values Progressive Type II Censored Symmetric Loss Functions Asymmetric Loss Functions
Institute of Mathematics and Informatics Bulgarian Academy of Sciences
Serdica Mathematical Journal, Vol. 37, No 1, (2011), 45p-66p
This paper is concerned with the problem of deriving Bayesian prediction bounds for the future observations (two-sample prediction) from the inverse Weibull distribution based on generalized order statistics (GOS). Study the two side interval Bayesian prediction, point prediction under symmetric and asymmetric loss functions and the maximum likelihood (ML) prediction using "plug-in" procedure for future observations from the inverse Weibull distribution based on GOS. Study the problem of predicting future records based on observed progressive type II censored data and observed order statistics from the inverse Weibull distribution. Finally, a numerical example using real data are used to illustrate the procedure.