2016•SSRN Electronic JournalOpen access

Bayesian Estimation for the Reliability Function of Pareto Type I Distribution Under Generalized Square Error Loss Function

Huda Abdullah, Najam A. Aleawy Al-Gazi

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Abstract

The main objective of this study is to obtain and compare the performance of the standard Bayesian estimators of the reliability function R(t) of the Pareto type I distribution under Generalized square error loss function in addition of Quadratic loss function, with informative and non-informative prior, with assuming that, the scale parameter, α, is known. Estimators are compared empirically using Monte Carlo simulation by employing the Integral mean squares error (IMSE).

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What this paper is about

The main objective of this study is to obtain and compare the performance of the standard Bayesian estimators of the reliability function R(t) of the Pareto type I distribution under Generalized square error loss function in addition of Quadratic loss function, with informative and non-informative prior, with assuming that, the scale parameter, α, is known. Estimators are compared empirically using Monte Carlo simulation by employing the Integral mean squares error (IMSE).

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Available abstract

The main objective of this study is to obtain and compare the performance of the standard Bayesian estimators of the reliability function R(t) of the Pareto type I distribution under Generalized square error loss function in addition of Quadratic loss function, with informative and non-informative prior, with assuming that, the scale parameter, α, is known. Estimators are compared empirically using Monte Carlo simulation by employing the Integral mean squares error (IMSE).

Key concepts: Estimator, Mathematics, Mean squared error, Bayes estimator, Statistics, Applied mathematics, Function (biology), Lomax distribution

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