Research Article
Selection of Efficient Parameter Estimation Method for Two-Parameter Weibull Distribution
Table 2
The MSE values for all methods and sample sizes used in simulations when Lā=ā500.
| Model | N | MSE | Priority order of methods | Best | MLINEX | MOM | MLE | OLS | MLINEX | MOM | MLE | OLS |
| I | 10 | 0.0904 | 0.0531 | 0.0731 | 1.8971 | 3 | 1 | 2 | 4 | MOM | 50 | 0.0391 | 0.0355 | 0.0138 | 0.9512 | 3 | 2 | 1 | 4 | MLE | 100 | 0.0306 | 0.0294 | 0.0064 | 0.8214 | 3 | 2 | 1 | 4 | MLE | 150 | 0.0297 | 0.0278 | 0.0043 | 0.0984 | 3 | 2 | 1 | 4 | MLE | II | 10 | 0.1446 | 0.0639 | 0.0869 | 2.1457 | 3 | 1 | 2 | 4 | MOM | 50 | 0.0432 | 0.0317 | 0.0139 | 0.8742 | 3 | 2 | 1 | 4 | MLE | 100 | 0.0341 | 0.0299 | 0.0079 | 0.0657 | 3 | 2 | 1 | 4 | MLE | 150 | 0.0324 | 0.0283 | 0.0053 | 0.7421 | 3 | 2 | 1 | 4 | MLE | III | 10 | 0.0929 | 0.0265 | 0.0865 | 1.6971 | 3 | 1 | 2 | 4 | MOM | 50 | 0.0401 | 0.0382 | 0.0184 | 0.8145 | 3 | 2 | 1 | 4 | MLE | 100 | 0.0348 | 0.0314 | 0.0096 | 0.0985 | 3 | 2 | 1 | 4 | MLE | 150 | 0.0311 | 0.0296 | 0.0061 | 0.0745 | 3 | 2 | 1 | 4 | MLE | IV | 10 | 0.2049 | 0.0818 | 0.1154 | 0.8742 | 3 | 1 | 2 | 4 | MOM | 50 | 0.0504 | 0.0367 | 0.0241 | 0.0954 | 3 | 2 | 1 | 4 | MLE | 100 | 0.0381 | 0.0312 | 0.0116 | 0.0512 | 3 | 2 | 1 | 4 | MLE | 150 | 0.0343 | 0.0300 | 0.0081 | 0.0451 | 3 | 2 | 1 | 4 | MLE |
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