Comparison of standard BEZ estimates and BEZ predictions for the measurement parameter of a two-parameter Rally distribution using simulation
Keywords:
standard biz method, biz prediction method, rally distribution.Abstract
This study compares the standard Biz method with the Biz prediction
method in estimating the measurement parameter for a two-parameter
rally distribution assuming the location parameter is known using the
error-square loss function and the sizes of different samples
(10,20,50,100).
The comparison was made using Monte Carlo simulation using MSE
and the results were obtained using MATLAB.
The preference for the BES prediction method for large and small
samples is shown.
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