- The Complete Research Material is averagely 52 pages long and it is in Ms Word Format, it has 1-5 Chapters.
- Major Attributes are Abstract, All Chapters, Figures, Appendix, References.
- Study Level: BTech, BSc, BEng, BA, HND, ND or NCE.
- Full Access Fee: ₦6,000
Get the complete project »
ABSTRACT
The Odd Generalized Exponential-Exponential Distribution (OGEED) could be used in various fields to model variables whose chances of success or survival decreases with time. It was also discovered that the OGEED has higher positive skewness and has been found to have performed better than some existing distributions such as the Gamma, Exponentiated Exponential, Weibull and Pareto distributions in a real life applications. The shape parameter of the Odd Generalized Exponential-Exponential Distribution using the Bayesian method of estimation and comparing the estimates with that of maximum Likelihood by assuming two non-informative prior distributions namely; Uniform and Jeffrey prior distributions. These estimates were obtained using the squared error loss function (SELF), Quadratic loss function (QLF) and precautionary loss function (PLF). The posterior distributions of the OGEED were derived and also the Estimates and risks were also obtained using the above mentioned priors and loss functions. Furthermore, we carried out Monte-Carlo simulation using R software to assess the performance of the two methods by making use of the Biases and MSEs of the Estimates under the Bayesian approach and Maximum likelihood method. Our result showed that Bayesian Method using Quadratic Loss Function (QLF) under both Uniform and Jeffrey priors produces the best estimates of the shape parameter compared to estimates using Maximum Likelihood method, Squared Error Loss Function (SELF) and Precautionary Loss Function (PLF) under both Uniform and Jeffrey priors irrespective of the values of the parameters and the different sample sizes. It is also discovered that the scale parameter has no effect on the estimates of the shape parameter.
CHAPTER ONE: INTRODUCTION
1.1 Background to the Study
In Bayesian approach, the prior information is combined with any new information that is
available to form the basis for statistical inference. Statistical approaches that use prior
knowledge in addition to the sample evidence to estimate the population parameters are known
as Bayesian methods.
The Bayesian approach seeks to optimally merge information from two sources: (1) knowledge
that is known from theory or opinion formed at the beginning of the research in the form of a
prior, and (2) information contained in the data in the form of likelihood functions. Basically, the
prior distribution represents our initial belief, whereas the information in the data is expr
You either get what you want or your money back. T&C Apply
You can find more project topics easily, just search
-
SIMILAR STATISTICS FINAL YEAR PROJECT RESEARCH TOPICS
-
1. EFFECT OF FEATURE SELECTION AND DATASET SIZE ON THE ACCURACY OF NAÏVE BAYESIAN CLASSIFIER AND LOGISTICS REGRESSION
» ABSTRACT Binary Logistics Regression and Naïve Bayesian classifier are two of the common classification modelling techniques that allow one to pr...Continue Reading »Item Type & Format: Project Material - Ms Word | 82 pages | Instant Download | Chapter 1-5 | STATISTICS DEPARTMENT
-
2. EXTENSION OF BURR V DISTRIBUTION: ITS PROPERTIES AND APPLICATION TO REAL-LIFE DATA
» Abstract More than a decades ago, a new general family of continuous distribution known as beta G Distribution was proposed. This new generator has be...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | STATISTICS DEPARTMENT
-
3. RATIO-TYPE ESTIMATORS IN STRATIFIED RANDOM SAMPLING USING AUXILIARY ATTRIBUTE
» ABSTRACT A problem of the ratio type estimators in Stratified Sampling is the use of non attribute auxiliary information. In this study, some ratio ty...Continue Reading »Item Type & Format: Project Material - Ms Word | 94 pages | Instant Download | Chapter 1-5 | STATISTICS DEPARTMENT
-
4. STATISTICAL ANALYSIS OF CRIMINAL OFFENCES RECORDED IN BENIN – EDO STATE (FCT) FROM 1999 – 2007 (A CASE STUDY OF BENIN POLICE DIVISIONAL HEADQUAR...
» ABSTRACT Statistics is playing an important role in virtually all aspect of human life. This role is used to analyze a project, which is aimed at anal...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | STATISTICS DEPARTMENT
-
5. TIME SERIES ANALYSIS ON PATIENT ATTENDANCE (A CASE STUDY OF HAJIYA GAMBO SAWABA GENERAL HOSPITAL KOFAR GAYAN, ZARIA)
» CHAPTER ONE 1.1 INTRODUCTION Hajia Gambo Sawaba General Hospital since its inception in 1975 has received considerable amount of people, for treatment...Continue Reading »Item Type & Format: Project Material - Ms Word | 42 pages | Instant Download | Chapter 1-5 | STATISTICS DEPARTMENT
-
6. THE IMPACT OF INFORMATION AND COMMUNICATION TECHNOLOGY ON THE TEACHING AND LEARNING OF STATISTICS IN TERTIARY INSTITUTIONS
» ABSTRACT This study was intended to evaluate the impact of electrical power outage on the performance of small businesses in Kano state. This study wa...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | STATISTICS DEPARTMENT
-
7. AN ASSESSMENT OF FERTILITY RATE AND DIFFERENTIALS IN WOMEN WITHIN THE REPRODUCTIVE AGEIN KADUNA STATE
» ...Continue Reading »Item Type & Format: Project Material - Ms Word | 88 pages | Instant Download | Chapter 1-5 | STATISTICS DEPARTMENT
-
8. STATISTICAL ANALYSIS ON INFLATION RATE IN NIGERIA (A CASE STUDY OF NATIONAL BUREAU OF STATISTICS 2010 - 2017)
» ABSTRACT This project work focuses on the analysis of Inflation Rate in Nigeria from 2010 – 2017. The data used is a secondary data collected fr...Continue Reading »Item Type & Format: Project Material - Ms Word | 39 pages | Instant Download | Chapter 1-5 | STATISTICS DEPARTMENT
-
9. STATISTICAL ANALYSIS OF BIRTH PATTERN
» Abstract This study examined the birth pattern in the Federal Capital Territory (FCT) using the University of Abuja Teaching Hospital (UATH) as a case...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | STATISTICS DEPARTMENT
-
10. THE STATISTICAL ANALYSIS OF THE EXPENDITURES AND INCOME OF NIGERIANS IN RELATION TO POVERTY. (A CASE STUDY OF NSIT-IBOM LGA AKWA-IBOM STATE)
» CHAPTER ONE INTRODUCTION Income and expenditures are the foundation of any viable business or economy, as the economy of the nation is a direct replic...Continue Reading »Item Type & Format: Project Material - Ms Word | 54 pages | Instant Download | Chapter 1-5 | STATISTICS DEPARTMENT