Research Article
Selection of Efficient Parameter Estimation Method for Two-Parameter Weibull Distribution
Table 4
The MSE values for all methods and sample sizes used in simulations when Lā=ā2000.
| Model | N | MSE | Priority order of methods | Best | MLINEX | MOM | MLE | OLS | MLINEX | MOM | MLE | OLS |
| I | 10 | 0.0908 | 0.0610 | 0.0753 | 2.4512 | 3 | 1 | 2 | 4 | MOM | 50 | 0.0390 | 0.0321 | 0.0151 | 1.2571 | 3 | 2 | 1 | 4 | MLE | 100 | 0.0320 | 0.0308 | 0.0067 | 1.0578 | 3 | 2 | 1 | 4 | MLE | 150 | 0.0306 | 0.0293 | 0.0052 | 0.0743 | 3 | 2 | 1 | 4 | MLE | II | 10 | 0.1321 | 0.0583 | 0.0784 | 1.9845 | 3 | 1 | 2 | 4 | MOM | 50 | 0.0432 | 0.0324 | 0.0156 | 1.1234 | 3 | 2 | 1 | 4 | MLE | 100 | 0.0347 | 0.0299 | 0.0087 | 1.0451 | 3 | 2 | 1 | 4 | MLE | 150 | 0.0310 | 0.0291 | 0.0053 | 0.6548 | 3 | 2 | 1 | 4 | MLE | III | 10 | 0.0927 | 0.0740 | 0.0873 | 1.8257 | 3 | 1 | 2 | 4 | MOM | 50 | 0.0403 | 0.0373 | 0.0205 | 1.0871 | 3 | 2 | 1 | 4 | MLE | 100 | 0.0341 | 0.0324 | 0.0099 | 0.8246 | 3 | 2 | 1 | 4 | MLE | 150 | 0.0311 | 0.0298 | 0.0074 | 0.0687 | 3 | 2 | 1 | 4 | MLE | IV | 10 | 0.2091 | 0.0804 | 0.1209 | 1.1248 | 3 | 1 | 2 | 4 | MOM | 50 | 0.0923 | 0.0382 | 0.0225 | 1.0835 | 3 | 2 | 1 | 4 | MLE | 100 | 0.0377 | 0.0318 | 0.0125 | 0.5413 | 3 | 2 | 1 | 4 | MLE | 150 | 0.0344 | 0.0289 | 0.0081 | 0.0579 | 3 | 2 | 1 | 4 | MLE |
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