Estimation of the Exponential Distribution in the Light of Future Data
Journal of Advances in Mathematics and Computer Science · pp. 128–132 · Published 23 Oct 2014
10.9734/BJMCS/2015/13658Abstract
The maximum likelihood estimator does not always maximize the expected log-likelihood when estimating the exponential distribution using a small data set. The maximum likelihood estimator should be multiplied by a positive constant that only depends on the amount of data.
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