Table 3. Results of Monte Carlo simulations for Scenario 1 (β1 = 1.3, β1 = 1.4, and c = 2.0), with n = 100 and R = 5000 replications and MSE mean, AIC and BIC frequencies (%) of correct model selection.
Simulation | UBXII(qi, c) | Kw(ωi,dp) | UW(qi, γ) | Beta(μi, ϕ) | ||||||
---|---|---|---|---|---|---|---|---|---|---|
Par./Meas. | UBXII | Kw | UW | Beta | UBXII | Kw | UBXII | UW | UBXII | Beta |
1.2984 | 0.7471 | 1.2972 | 0.9241 | 2.0396 | 1.3267 | 1.3238 | 1.2986 | 3.2141 | 1.2071 | |
(0.0802) | (0.4013) | (0.0949) | (0.1798) | (0.3435) | (0.2944) | (0.0752) | (0.0732) | (0.3661) | (0.1245) | |
1.4040 | 1.0398 | 1.5873 | 1.2794 | 0.9411 | 1.4311 | 1.3597 | 1.4034 | 2.4634 | 1.2125 | |
(0.0670) | (0.2549) | (0.1246) | (0.2181) | (0.2664) | (0.2545) | (0.0624) | (0.0603) | (0.3905) | (0.1105) | |
2.0441 | 1.9806 | 1.3982 | 6.7714 | 0.4688 | 1.9139 | 2.1814 | 2.0451 | 0.4025 | 1.9896 | |
(0.1647) | (3.9387) | (0.3370) | (2.2466) | (0.0542) | (0.3801) | (0.1777) | (0.1661) | (0.0463) | (0.3092) | |
AIC (%) | 92.1600 | 0.0000 | 7.8400 | 0.0000 | 0.0400 | 99.9600 | 3.6600 | 96.3400 | 0.0200 | 99.9800 |
BIC (%) | 92.1600 | 0.0000 | 7.8400 | 0.0000 | 0.0400 | 99.9600 | 3.6600 | 96.3400 | 0.0200 | 99.9800 |
MSE | 0.0053 | 1.0608 | 0.0136 | 0.3587 | 4.6296 | 1.0705 | 0.0044 | 0.0035 | 1.5143 | 0.0209 |