A new improved estimator for the population mean using twofold auxiliary information under simple random sampling

• Published in: Management science letters Vol. 13; no. 4; pp. 265 - 276
• Main Authors: Tahir, Muhammad, Yude, Bu, Bashir, Saima, Hussain, Sardar, Munir, Tahir
• Format: Journal Article
• Language: English
• Published: Growing Science 2023
• ISSN: 1923-9335; 1923-9343
• DOI: 10.5267/j.msl.2023.5.001

In this manuscript, the mean of the study and the auxiliary variable, as well as the rank of the auxiliary variable, were needed to develop a new, improved ratio-in-regression type estimator for population mean. Up to the first order of approximation, expressions for the bias and mean square error of the existing and proposed estimators are computed. The effectiveness and stability of our new, enhanced estimator are evaluated using simulation and two actual data sets. The suggested estimator's superior performance to all other considered estimators is shown both conceptually and numerically. The mean square error is the lowest, and PREs out-performs other known estimators by a factor of more than one hundred. Overall, we draw the conclusion that the suggested new improved estimator outperforms all its predecessors.