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  Published Paper Details:

  Paper Title

ESTIMATION OF PARAMETERS OF PERT DISTRIBUTION BY USING MAXIMUM PRODUCT OF SPACINGS METHOD

  Authors

  K. SRINIVASA RAO,  N. VISWAM,  G. V. S. R. ANJANEYULU

  Keywords

PERT distribution, Maximum Product Spacings, Averages, Parameters.

  Abstract


The PERT Distribution is one of the most important distributions for practical use in business, because it is widely used to generate random values within a range in the financial models and simulations in the area of processes and analysis in general. Present Maximum Product Spacings of the unknown parameters of PERT distribution using Newton-Raphson iterative procedure. We also computed Average Estimate (AE), Variance (VAR), Standard Deviation (SD), Mean Absolute Deviation (MAD), Mean Square Error (MSE), Relative Absolute Bias (RAB) and Relative Efficiency (RE) for both the parameters under sample based on 10,000 simulations to assess the performance of the estimators. A simulation study is conducted to evaluate the performance of the Maximum Product of Spacings estimates.

  IJCRT's Publication Details

  Unique Identification Number - IJCRT2109281

  Paper ID - 211986

  Page Number(s) - c579-c592

  Pubished in - Volume 9 | Issue 9 | September 2021

  DOI (Digital Object Identifier) -   

  Publisher Name - IJCRT | www.ijcrt.org | ISSN : 2320-2882

  E-ISSN Number - 2320-2882

  Cite this article

  K. SRINIVASA RAO,  N. VISWAM,  G. V. S. R. ANJANEYULU,   "ESTIMATION OF PARAMETERS OF PERT DISTRIBUTION BY USING MAXIMUM PRODUCT OF SPACINGS METHOD", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.9, Issue 9, pp.c579-c592, September 2021, Available at :http://www.ijcrt.org/papers/IJCRT2109281.pdf

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ISSN: 2320-2882
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Journal Starting Year (ESTD) : 2013
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ISSN and 7.97 Impact Factor Details


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ISSN: 2320-2882
Impact Factor: 7.97 and ISSN APPROVED
Journal Starting Year (ESTD) : 2013
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