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Two-stage and purely sequential minimum risk point estimation of the scale parameter of a family of distributions under modified LINEX loss plus sampling cost

Author

Listed:
  • Neeraj Joshi

    (Indian Institute of Technology Delhi)

  • Sudeep R. Bapat

    (Indian Institute of Technology Bombay)

  • Raghu Nandan Sengupta

    (Indian Institute of Technology Kanpur)

Abstract

In this research, we present two-stage and purely sequential methodologies for estimating the scale parameter of the Moore and Bilikam family of lifetime distributions (see Moore and Bilikam in IEEE Trans Reliabil 27:64–67, 1978). We propose our methodologies under the minimum risk point estimation setup, whereby we consider the modified LINEX loss function plus non linear sampling cost. We study some interesting exact distributional properties associated with our stopping rules. We also present simulation analyses using Weibull distribution (special case of the Moore and Bilikam family) to check the performance of our two-stage and purely sequential procedures. Finally, we provide a real data set from COVID-19 and analyze it using the Weibull model in support of the practical utility of our proposed two-stage methodology.

Suggested Citation

  • Neeraj Joshi & Sudeep R. Bapat & Raghu Nandan Sengupta, 2025. "Two-stage and purely sequential minimum risk point estimation of the scale parameter of a family of distributions under modified LINEX loss plus sampling cost," Metrika: International Journal for Theoretical and Applied Statistics, Springer, vol. 88(5), pages 689-707, July.
    • Handle: RePEc:spr:metrik:v:88:y:2025:i:5:d:10.1007_s00184-024-00973-1
    DOI: 10.1007/s00184-024-00973-1
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