Explain your Answers

17.1 Maximum likelihood and asymptotic bias Derive the second order bias of the Maximim Likelihood (ML) estimator A of the parameter A > 0 of the exponential distribution fly. x) = 10. Aexp(-Ay). 9 20 obtained from random sample y1, . ...yr. (a) using an explicit formula for A; (b) using the expression for the second order bias of extremum estimators. Construct the bias corrected ML estimator of A