Inference for an Inverted Exponentiated Pareto Distribution Under Progressive Censoring

In this paper, estimation of unknown parameters of an inverted exponentiated Pareto distribution is considered under progressive Type-II censoring. Maximum likelihood estimates are obtained from the expectation–maximization algorithm. We also compute the observed Fisher information matrix. In the sequel, asymptotic and bootstrap-p intervals are constructed. Bayes estimates are derived using the importance sampling procedure with respect to symmetric and asymmetric loss functions. Highest posterior density intervals of unknown parameters are constructed as well. The problem of one- and two-sample prediction is discussed in Bayesian framework. Optimal plans are obtained with respect to two information measure criteria. We assess the behavior of suggested estimation and prediction methods using a simulation study. A real dataset is also analyzed for illustration purposes. Finally, we present some concluding remarks.