Lixin Song, XU Jun-mei
Abstract
The Bayesian estimation of Pareto Distribution parameter under the scaled squared error loss function is studied,and the Pareto random sample X1,X2,…,Xn is given.It is proved that the Bayesian estimation is admissible.
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The Bayesian estimation of Pareto Distribution parameter under the scaled squared error loss function is studied,and the Pareto random sample X1,X2,…,Xn is given.It is proved that the Bayesian estimation is admissible.
Key concepts: Pareto interpolation, Lomax distribution, Bayes estimator, Mean squared error, Pareto distribution, Mathematics, Pareto principle, Bayes' theorem