Abstract

In this paper we study the Generalized (k) record values arising from Pareto distribution. Expressions for the moments and product moments of generalized upper (k) record values arising from Pareto distribution are derived. Some properties of generalized (k) record values which characterize the Pareto distribution have been established. Also some interesting distributional properties of generalized upper (k) record values arising from Pareto distribution are established. The scale and shape parameters of Pareto distribution are estimated based on available record value data. Prediction of future records using Best Linear Unbiased Predictors has been studied.

Author: Jerin Paul and P. Yageen Thomas

Received on: July, 2014

Accepted on: November, 2016