My Math Forum Estimation of Loss Distribution Parameters.

 December 2nd, 2016, 06:08 AM #1 Newbie   Joined: Dec 2016 From: FRANCE Posts: 1 Thanks: 0 Estimation of Loss Distribution Parameters. ALL HELP NEEDED! THANK YOU! A statistician is trying to decide on the value of an unknown parameter ϴ, where ϴ is the maximum claim that can occur for a line of business whose claims are uniformly distributed on the interval (0, ϴ). In making the decision, the statistician randomly selects a single loss from the line of business, which takes the value x, and estimates ϴ as ϴ*=kx where k is a constant. The statistician is using a quadratic loss function: that is to say the loss incurred based on their decision is proportional to the squared distance between the true value ϴ and their estimate ϴ*. Find the form of their estimate ϴ* based on the sample outcome x in order to minimize the expected risk.

 Tags distribution, estimation, loss, parameters

 Thread Tools Display Modes Linear Mode

 Similar Threads Thread Thread Starter Forum Replies Last Post PistolSlap Algebra 5 December 6th, 2015 10:53 AM WWRtelescoping Probability and Statistics 1 March 16th, 2014 07:04 PM ysr Advanced Statistics 1 September 5th, 2012 12:38 PM Anton29 Advanced Statistics 2 August 23rd, 2012 09:29 PM elim Real Analysis 1 May 15th, 2010 11:39 AM

 Contact - Home - Forums - Cryptocurrency Forum - Top