Estimation of the Lomax Distribution in the Presence of Outliers

Mehdi Jabbari Nooghabi ()
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Mehdi Jabbari Nooghabi: Ferdowsi University of Mashhad

Annals of Data Science, 2016, vol. 3, issue 4, No 2, 385-399

Abstract: Abstract In this paper, we find the moment, maximum likelihood, least squares and weighted least squares estimators of the parameters of Lomax distribution in the presence of outliers. Also, the mixture estimator of these four methods is derived. Further, we discuss about the efficiency of the estimators. Analysis of a simulated data set and an actual example from an insurance company has been presented for illustrative purposes.

Keywords: Lomax distribution; Moment estimator; Least squares; Weighted least squares; Maximum likelihood estimator; Outliers; Insurance (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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DOI: 10.1007/s40745-016-0087-7

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