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Bayesian Estimation of the Shape Parameter of Double Pareto Distribution under Different Loss Function
Journal: International Journal of Applied Mathematics & Statistical Sciences (IJAMSS) (Vol.9, No. 5)Publication Date: 2020-09-30
Authors : Arun Kumar Rao; Himanshu Pandey;
Page : 31-38
Keywords : Bayesian Method; Double Pareto Distribution; Quasi and Gamma Priors; Squared Error; Precautionary; Entropy; K-Loss; and Al-Bayyati’s Loss Functions;
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Abstract
In this paper, the double Pareto distribution is considered for Bayesian analysis. The expressions for Bayes estimators of the parameter have been derived under squared error, precautionary, entropy, K-loss, and Al-Bayyati's loss functions by using quasi and gamma priors.
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Last modified: 2021-03-15 20:00:26