Computational comparison of the prediction intervals of future observation for three-parameter Pareto distribution with known shape parameter

We propose the weighted moments estimators (WMEs) of the location and scale parameters of Pareto distribution with known shape parameter under the multiply type II censored sample Y(r+1) < . . . < Y(r+k) < Y ((r+k+1+1)) < . . . < Y(n-s). Hence, we use these WMEs and best linear unbiased estimator (BLUE) of scale parameter to find pivotal quantities and obtain the prediction intervals of the jth future observation (Y(j), n - s < j <= n) based on the above censored sample. Finally, we give the Monte Carlo simulation to assess the computational comparison of these pivotal quantities for establishing prediction intervals of the jib future observation (Y(j), n - s < j _< n). (C) 2007 Elsevier Inc. All rights reserved.