Abstract
This paper is concerned with estimation of the parameter of Burr type VIII distribution under a Bayesian framework using censored samples. The Bayes estimators and associated risks have been derived under the assumption of five priors and three loss functions. The comparison among the performance of different estimators has been made in terms of posterior risks. A simulation study has been conducted in order to assess and compare the performance of different estimators. The study proposes the use of inverse Levy prior based on quadratic loss function for Bayes estimation of the said parameter.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
More From: International Journal of Mathematics and Mathematical Sciences
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.