Download or read book On Prediction Intervals for Future Observations from the Inverse Gaussian Distribution written by W. J. Padgett and published by . This book was released on 1986 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: The problem of predicting, on the basis of an observed sample of size n from an inverse Gaussian distribution, a future observation from the same distribution is discussed. Two prediction intervals that have been proposed in the literature, one of which is an approximate prediction interval, are compared using Monte Carlo simulations. The results indicate that in many of the simulated cases the approximate prediction interval is superior with respect to larger estimated coverage probabilities and smaller estimated mean lengths. This is true in particular for n at least 15 and for 95% and 99%.