Bayesian Shrinkage Approach in Weibull Type -II Censored Data Using Prior Point Information
Gyan Prakash, D.C. Singh
Abstract
Gyan Prakash, D.C. Singh
Abstract
In the present paper we study the performance of the Bayes Shrinkage estimators for the scale parameter of the Weibull distribution under the squared error loss and the LINEX loss functions in the presence of a prior point information of the scale parameter when Type -II censored data are available. The properties of the minimax estimators are also discussed.
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In the present paper we study the performance of the Bayes Shrinkage estimators for the scale parameter of the Weibull distribution under the squared error loss and the LINEX loss functions in the presence of a prior point information of the scale parameter when Type -II censored data are available. The properties of the minimax estimators are also discussed.
Key concepts: Weibull distribution, Bayesian probability, Shrinkage, Statistics, Computer science, Point (geometry), Data mining, Mathematics