Table 1.
Bias and standard deviation (shown in brackets) in estimating μ for the 4 estimation methods in 9 different scenarios. The true values of α and σ in each scenario are shown in the first 2 columns, and μ = 100 for all scenarios. All values are given to 2 significant figures
| σ | α | MLE | Saddle | RMA-75 | RMA |
| 5 | 102 | 0.0079 (0.22) | – 0.25 (0.22) | 1.7 (1.6) | 12 (2.7) |
| 20 | 102 | 0.0024 (0.47) | 0.013 (0.50) | 5.4 (2.3) | 25 (2.6) |
| 100 | 102 | 0.013 (1.6) | 11.0 (1.5) | 4.8 (11) | 47 (9.0) |
| 5 | 103 | – 0.023 (0.67) | – 0.37 (0.65) | 4.2 (7.5) | 44 (23) |
| 20 | 103 | – 0.025 (1.4) | – 1.3 (1.4) | 6.6 (11) | 69 (24) |
| 100 | 103 | – 0.098 (3.1) | – 3.4 (3.1) | 26.0 (18) | 170 (24) |
| 5 | 104 | 0.022 (2.3) | – 0.36 (2.2) | 32.0 (64) | 380 (230) |
| 20 | 104 | 0.20 (4.2) | – 1.3 (4.0) | 32.0 (66) | 390 (220) |
| 100 | 104 | 0.069 (9.2) | – 6.5 (9.0) | 41.0 (85) | 520 (240) |