Vol. 5, Issue 1 (2018)
Comparison of three estimation methods for Frechet distribution
Author(s): Annasaheb M Suryawanshi, Girish C Bhimani
Abstract: This paper study the performance of three different estimation methods of scale parameter, namely, least square method, weighted least square method and maximum likelihood method for two parameter Frechet distribution. The Monte- Carlo simulation is used to compare these three methods in terms of bias and mean square error. The simulation study showed that, the maximum likelihood method was the best as compared to least square and weighted least square method in terms of bias as well as mean square error.