Business, like many other fields, can benefit from the use of statistics in estimating or predicting future events. An important tool for business statistics is a confidence interval, which helps a ...

A procedure based on order statistics is given for the interval estimation of the largest α-quantile of several continuous distributions. Results on infimum of coverage probability are obtained for ...

Geoff Cumming receives funding from the Australian Research Council. Such research findings sound exciting because the word significant suggests important and large. But researchers often use the word ...

An empirical likelihood method was proposed in Hill and Peng (2014) to construct a unified interval estimation for the coefficient in an AR(1) model, regardless of ...