Table 2.
Results of Monte Carlo simulations
| Parameter | Sample size | ME | AVB | RMSE | AW | CP |
|---|---|---|---|---|---|---|
| n = 25 | 2.9043 | 28.2944 | 33.9312 | 398.123 | 0.97 | |
| n = 80 | 2.8575 | 19.1266 | 26.1717 | 333.010 | 0.99 | |
| n = 150 | 2.8018 | 14.6778 | 20.2345 | 271.750 | 0.99 | |
| n = 400 | 2.2214 | 5.9548 | 18.6956 | 99.3318 | 0.99 | |
| n = 800 | 2.0757 | 3.6372 | 10.4671 | 55.8275 | 1 | |
| n = 1500 | 2.0091 | 2.3331 | 5.7627 | 28.5450 | 0.99 | |
| n = 25 | 5.3867 | 3.3870 | 4.5350 | 18.6944 | 1 | |
| n = 80 | 4.0405 | 2.0405 | 3.2464 | 10.4061 | 0.97 | |
| n = 150 | 3.1945 | 1.1945 | 2.3676 | 7.1001 | 0.97 | |
| n = 400 | 2.2856 | 0.2856 | 0.8372 | 2.9608 | 0.96 | |
| n = 800 | 2.0716 | 0.0716 | 0.4053 | 1.8213 | 0.98 | |
| n = 1500 | 2.0002 | 0.0002 | 0.2412 | 1.2770 | 0.98 | |
| n = 25 | 4.8666 | 1.8660 | 2.5276 | 10.7823 | 0.77 | |
| n = 80 | 4.7721 | 1.7721 | 2.4828 | 9.6358 | 0.78 | |
| n = 150 | 4.4782 | 1.4783 | 2.2842 | 9.1945 | 0.95 | |
| n = 400 | 3.8396 | 0.8396 | 1.5297 | 6.9524 | 0.95 | |
| n = 800 | 3.5479 | 0.5479 | 1.0833 | 5.0864 | 0.97 | |
| n = 1500 | 3.4106 | 0.4106 | 0.8283 | 3.5243 | 0.99 | |
| n = 25 | 4.0900 | 2.0900 | 8.7545 | 90.8129 | 0.98 | |
| n = 80 | 4.6124 | 2.6123 | 7.9091 | 49.9287 | 0.97 | |
| n = 150 | 4.5187 | 2.5187 | 7.5799 | 36.1367 | 0.86 | |
| n = 400 | 2.8963 | 0.8963 | 2.8955 | 14.2318 | 0.99 | |
| n = 800 | 2.5846 | 0.5846 | 1.6062 | 8.4314 | 0.99 | |
| n = 1500 | 2.4372 | 0.4373 | 1.0703 | 5.5644 | 0.99 | |
| n = 25 | 6.2989 | 3.7989 | 7.0401 | 47.6068 | 0.99 | |
| n = 80 | 5.5586 | 3.0586 | 6.0645 | 27.1930 | 0.99 | |
| n = 150 | 4.7446 | 2.2446 | 5.2725 | 18.9548 | 0.99 | |
| n = 400 | 3.2178 | 0.7178 | 1.9232 | 6.8753 | 1 | |
| n = 800 | 2.8741 | 0.3741 | 0.9428 | 3.7113 | 1 | |
| n = 1500 | 2.7351 | 0.2351 | 0.5228 | 2.3270 | 0.99 |