Prediction Limits for the Inverse Gaussian Distribution |
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Authors: | Raj S Chhikara Irwin Guttman |
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Affiliation: | 1. Lockheed Engineering and Management Services Co. , 1830 NASA Rd. I, Houston , TX , 77258;2. Department of Statistics , University of Toronto , Toronto , Ontario , M5S 1Al |
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Abstract: | Prediction intervals for the inverse Gaussian are obtained from both a frequentist and a Bayesian viewpoint. The frequentist intervals are obtained by constructing pivotals that have the x 2 and F distributions. The method involves inversion of probability statements, which results in two-sided prediction intervals. A Bayesian predictive density is obtained using a vague prior, from which one- or two-sided Bayesian prediction intervals can be determined. An example for which Bayesian prediction limits are narrower than the frequentist is given. |
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Keywords: | β-expectation tolerance limits Pivotal Predictive density function Estimative density |
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