New Approaches on Parameter Estimation of the Gamma Distribution

This paper discusses new approaches to parameter estimation of gamma distribution based on representative points. In the first part, the existence and uniqueness of gamma mean squared error representative points (MSE-RPs) are discussed theoretically. In the second part, by comparing three types of r...

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Bibliographic Details
Main Authors: Xiao Ke, Sirao Wang, Min Zhou, Huajun Ye
Format: Article
Language:English
Published: MDPI AG 2023-02-01
Series:Mathematics
Subjects:
Online Access:https://www.mdpi.com/2227-7390/11/4/927
Description
Summary:This paper discusses new approaches to parameter estimation of gamma distribution based on representative points. In the first part, the existence and uniqueness of gamma mean squared error representative points (MSE-RPs) are discussed theoretically. In the second part, by comparing three types of representative points, we show that gamma MSE-RPs perform well in parameter estimation and simulation. The last part proposes a new Harrel–Davis sample standardization technique. Simulation studies reveal that the standardized samples can be used to improve estimation performance or generate MSE-RPs. In addition, a real data analysis illustrates that the proposed technique yields efficient estimates for gamma parameters.
ISSN:2227-7390