Garthwaite, P. H. and Dickey, J. M.
(1985).
| DOI (Digital Object Identifier) Link: | https://doi.org/10.1016/0304-4076(85)90036-3 |
|---|---|
| Google Scholar: | Look up in Google Scholar |
Abstract
A common problem is to determine by an elicitation process the parameters of a subjective distribution in a location-scale family. One method is to elicit assessments of the median and one other quartile, equate the assessed median to the location parameter, and estimate the scale from the difference. In a second method, all three quartiles are elicited and then the scale is estimated from the interquartile range. With either method, the location and scale estimates are not made independently. These methods are here studied by introducing probability models for the elicitation process itself. It is shown that the second (full-quartiles) method has important advantages not held by the first.
| Item Type: | Journal Item |
|---|---|
| Copyright Holders: | 1985 Elsevier |
| ISSN: | 0304-4076 |
| Academic Unit/School: | Faculty of Science, Technology, Engineering and Mathematics (STEM) > Mathematics and Statistics Faculty of Science, Technology, Engineering and Mathematics (STEM) |
| Item ID: | 17927 |
| Depositing User: | Sara Griffin |
| Date Deposited: | 20 Aug 2009 10:59 |
| Last Modified: | 02 May 2018 13:04 |
| URI: | http://oro.open.ac.uk/id/eprint/17927 |
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