1. In general, the ML estimator performs better
than other estimators in terms of biases for all
cases considered. Whereas MSE decreases for
PWM method with increasing α.
2. It is also concluded that Bayes estimates based
on squared error loss function and El-Sayyad
function are very close to the ML estimator for β=1
and different values of α as sample size increases.
Moreover, Bayes estimate relative to the linex loss
function is also close to the ML estimate for the
case when c= -1 and β=1. We also concluded that
Bayes estimate under linex loss function for c=1
and β=1 is confining to the ML estimate as sample
size increases. As in the case of different values of
r, l and c, we obtain approximately the same
results. Finally, we can say that in each scenario, the ML method outperforms in terms of bias and MSE.