Monte Carlo comparison of estimation methods for the two-parameter lognormal distribution

Ivana Pobočíková; Zuzana Sedliačková; Mária Michalková; Lenka Kuchariková

MACHINE MODELING AND SIMULATIONS, Machine Modeling and Simulations 2018

Ivana Pobočíková, Zuzana Sedliačková, Mária Michalková, Lenka Kuchariková

Last modified: 16. 12. 2018

Abstract

In the paper we compare performance of estimation methods for the two-parameter lognormal distribution via Monte Carlo simulation. The comparison of performances is made with respect to their biases, variances, root mean square error. The methods are applied on real data set representing experimentally obtained values of ultimate tensile strength of material.