Bayesian estimation and maximum likelihood methods represent two central paradigms in modern statistical inference. Bayesian estimation incorporates prior beliefs through Bayes’ theorem, updating ...

The Weibull distribution remains an indispensable tool in reliability engineering and lifetime analysis, offering flexibility for modelling diverse failure behaviours. Modern parameter estimation ...

It is known that, as statistical methods, the maximum entropy estimation is equivalent to the maximum likelihood estimation with an exponential distribution. But, it is seen that the relation between ...

Banker and Maindiratta (1992) provides a method for the estimation of a stochastic production frontier from the class of all monotone and concave functions. A key aspect of their procedure is that the ...