Bayesian shrinkage estimation of shape parameter of Lomax distribution based on record values
Jianhua Leng
Abstract
Jianhua Leng
Abstract
The Bayesian and Bayesian shrinkage estimators of the parameter of Lomax distribution are obtained based on record values. The loss functions used are squared error loss and LINEX loss function. Finally, an example is given to illustrate the application for our result.
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The Bayesian and Bayesian shrinkage estimators of the parameter of Lomax distribution are obtained based on record values. The loss functions used are squared error loss and LINEX loss function. Finally, an example is given to illustrate the application for our result.
Key concepts: Lomax distribution, Shrinkage estimator, Shrinkage, Mean squared error, Bayes estimator, Estimator, Bayesian probability, Mathematics