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Bounds on the bias of approximation of fractional record values. (English) Zbl 1117.62048

Summary: We present sharp bounds for an approximation of fractional \(k\)th record values by convex combinations of ordinary \(k\)th record values. The bounds are expressed in different scale units measured in \(p\)th central absolute moments of the underlying distribution. The distributions which attain the bounds are also specified. The bounds are derived by the projection method.

MSC:

62G32 Statistics of extreme values; tail inference
62G30 Order statistics; empirical distribution functions