Transformation Approaches for the Construction of Weibull Prediction Interval

• Main Authors: YANG, Zhenlin, SEE, Stanley P., XIE, Min
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2003
• Subjects: Box-Cox transformation; Coverage probability; Kullback-Leibler information; Prediction interval; Weibull distribution; Econometrics
• Online Access: https://ink.library.smu.edu.sg/soe_research/196; https://ink.library.smu.edu.sg/context/soe_research/article/1195/viewcontent/Transformation_Weibull_prediction_2003.pdf
• Institution: Singapore Management University

Two methods of transforming the Weibull data to near normality, namely the Box-Cox method and Kullback-Leibler (KL) information method, are discussed and contrasted. A simple prediction interval (PI) based on the better KL information method is proposed. The asymptotic property of this interval is e...