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Prediction of order statistics and record values from two independent sequences
Authors:Jafar Ahmadi  N. Balakrishnan
Affiliation:1. Faculty of Mathematical Sciences , Ferdowsi University of Mashhad , PO Box 91775-1159, Mashhad, Iran ahmadi-j@um.ac.ir;3. Department of Mathematics and Statistics , McMaster University , Hamilton, ON, Canada , L8S 4K1
Abstract:In this paper, we discuss the problem of predicting future order statistics based on observed record values and similarly, the prediction of future records based on observed order statistics. The coverage probabilities of these intervals are exact and are free of the parent distribution F. Finally, two data sets are used to illustrate the proposed procedures.
Keywords:prediction intervals  order statistics  records  coverage probability  minimal repair  lower and upper limits  k-out-of-n system
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