Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A) Fit the rate parameter of an exponential distribution from a simulated data set (use set.seed(123); x=rexp(200,rate=pi);) using an MLE based optimization using optimize() and

A) Fit the rate parameter of an exponential distribution from a simulated data set (use set.seed(123); x=rexp(200,rate=pi);) using an MLE based optimization using optimize() and the dexp() function in R

B) Next, repeat the above parameter estimation but here find an analytical expression for the MLE rb by differentiating the negative log likelihood function for the scenario above (i.e., for an exponential distribution with rate r) for a given data set (x1, . . . , xN ). Recall f(x) = r exp(r x), for x 0.

C) Use the boot package in R to calculate 95% confidence intervals for the estimate of r used above (for example, see https://www.statmethods. net/advstats/bootstrapping.html).

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Automating Access Databases With Macros

Authors: Fish Davis

1st Edition

1797816349, 978-1797816340

More Books

Students also viewed these Databases questions