Bayes estimation of shape parameter of classical pareto distribution under livex loss function
B.N. Pandey, Brijesh Pratap Singh, C.S. Mishra
Abstract
B.N. Pandey, Brijesh Pratap Singh, C.S. Mishra
Abstract
The Bayesian estimator for the shape parameter of Pareto distribution using LINEX loss function has been obtained. The properties of the estimator in respect of risk have been studied and it is found that the LINEX estimator is preferable to the squared error estimator for specific values of c nearer to zero.
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The Bayesian estimator for the shape parameter of Pareto distribution using LINEX loss function has been obtained. The properties of the estimator in respect of risk have been studied and it is found that the LINEX estimator is preferable to the squared error estimator for specific values of c nearer to zero.
Key concepts: Estimator, Mathematics, Bayes estimator, Mean squared error, Pareto distribution, Shape parameter, Statistics, Pareto principle