Mazucheli et al. (Statistica 79:25–43, 2019) introduced a new transformed model called the
unit-Gompertz (UG) distribution which exhibits right-skewed (uni-modal) and reversed-J
shaped density and its hazard rate function can be increasing and increasing-decreasingincreasing. They worked on the estimation of the model parameters based on complete data
sets. In this paper, by using lower record values and inter-record times, we develop inference
procedures for the estimation of the parameters and prediction of future record values for
the UG distribution. First, we derive the exact explicit expressions for the single and product
moments of lower record values, and then use these results to compute the means, variances
and covariances between two lower record values. Next, we obtain the maximum likelihood
estimators and associated asymptotic confidence intervals. Further, we obtain the Bayes
estimators under the assumption that the model parameters follow a joint bivariate density
function. The Bayesian estimation is studied with respect to both symmetric (squared error)
and asymmetric (linear-exponential) loss functions with the help of the Tierney–Kadane’s
method and Metropolis–Hastings algorithm. Finally, we compute Bayesian point predictors
for the future record values. To illustrate the findings, one real data set is analyzed, and Monte
Carlo simulations are performed to compare the performances of the proposed methods of
estimation and prediction.