Journal article
A consistent parameter estimation in the three-parameter lognormal distribution
Abstract
In this work, we propose a consistent method of estimation for the parameters of the three-parameter lognormal distribution. We then discuss some properties of these estimators and show by means of a Monte Carlo simulation study that the proposed estimators perform better than some other prominent estimators in terms of bias and root mean squared error. Finally, we present two real-life examples to illustrate the method of estimation proposed.
Authors
Nagatsuka H; Balakrishnan N
Journal
Journal of Statistical Planning and Inference, Vol. 142, No. 7, pp. 2071–2086
Publisher
Elsevier
Publication Date
July 2012
DOI
10.1016/j.jspi.2012.01.019
ISSN
0378-3758