On Selecting the Best of K Lognormal Distributions.
Abstract
For k lognormal populations, which differ only in one certain parameter theta, the problem of finding the population with largest value of theta is considered. For two-parameter lognormal families, several natural choices of theta are treated, where the problem can be solved, through logarithmic transformation of the observations, within the framework of estimating parameters in k, possibly restricted, normal populations. For three-parameter lognormal families, this standard approach of selecting in terms of natural estimators fails to work if theta is the guaranteed lifetime. For this case, a selection procedure is derived which is based on an L-statistic which has the smallest asymptotic variance. Of importance here is that it is location equivariant, whereas it does not matter what it actually estimates. Comparisons are made with other suitable selection rules, through the asymptotic relative efficiencies, as well as in an example of intermediate sample sizes. In the latter, it is seen that the selection rule, which is based on the sample minima, compares favorably. Keywords: Random variables; Normal distribution.
Document Details
- Document Type
- Technical Report
- Publication Date
- Aug 01, 1987
- Accession Number
- ADA185628
Entities
People
- Klaus J. Miescke
- Shanti Gupta
Organizations
- Purdue University