Bayesian Estimation of the Shape Parameters of Pareto Distribution using Linex Loss Function with type II Censoring
Keywords:
Squared error loss function, asymmetric loss function, prior distribution, diffuse and non-informative prior, posterior pdf and expectations, inverted gamma distribution.
Abstract
In this paper Bayes estimator of the shape parameter of the Pareto distribution have been obtained by taking quasi, inverted gamma and uniform prior distributions using the linex loss function. These estimators for compared with the corresponding Bayes estimators under squared error loss function.
Published
2007-06-30
Section
Reveiw Article
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