Comparative Study Based on Simulation of Some Methods of Classical Estimation of the Parameters of Exponentiated Lindley – Logarithmic Distribution

Abstract

In this article, some non-bayesian estimation procedures of the Exponentiated Power Lindley-Logarithmic Distribution for modeling real life data are considered. A simulation study is carried out to determine the best among others using the root meas squared error values. Real life data are used to substantiate the result from the simulation study. It was discovered from simulation study and real data that the weighted least squares estimation procedure is the best method for estimating the parameters of the Exponentiated Power Lindley-Logarithmic distribution.

Keywords: Flexibility, Survival functions, Hazard functions, Estimation

JEL Classification: C13