Double Exponential Ratio Estimator of a Finite Population Variance under Extreme Values in Simple Random Sampling

• Published in: Mathematics (Basel) Vol. 12; no. 11; p. 1737
• Main Authors: Daraz, Umer, Wu, Jinbiao, Albalawi, Olayan
• Format: Journal Article
• Language: English
• Published: Basel MDPI AG 01-06-2024
• Subjects: auxiliary information; Bias; Datasets; Estimation theory; Estimators; Expected values; Extreme values; Mathematical research; minimum and maximum values; MSE; Performance evaluation; Random sampling; Simulation; Statistical sampling; study variable; Variance; variance estimation; China
• ISSN: 2227-7390; 2227-7390
• DOI: 10.3390/math12111737

This article presents an improved class of efficient estimators aimed at estimating the finite population variance of the study variable. These estimators are especially useful when we have information about the minimum/maximum values of the auxiliary variable within a framework of simple random sampling. The characteristics of the proposed class of estimators, including bias and mean squared error (MSE) under simple random sampling are derived through a first-order approximation. To assess the performance and validate the theoretical outcomes, we conduct a simulation study. Results indicate that the proposed class of estimators has lower MSEs as compared to other existing estimators across all simulation scenarios. Three datasets are used in the application section to emphasize the effectiveness of the proposed class of estimators over conventional unbiased variance estimators, ratio and regression estimators, and other existing estimators.