Noting that Beta distribution is widely used in engineering and industrial applications, we revisit parameter estimation procedures. A comparative study between the Method of Moment, the Method of Moment involving sample median instead of sample mean, and the Maximum Likelihood estimate has been performed using simulation.

Newton-Raphson method, Digamma function, Trigamma function.

Received: March 19, 2024; Accepted: April 22, 2024; Published: June 21, 2024

How to cite this article: Mezbahur Rahman and Md Iftekhar Amin, A note on parameter estimation in Beta distribution, Far East Journal of Theoretical Statistics 68(2) (2024), 227-235. https://doi.org/10.17654/0972086324015

This Open Access Article is Licensed under Creative Commons Attribution 4.0 International License

References:

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