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- Title
BAYESIAN ESTIMATION OF EXPONENTIATED PARETO DISTRIBUTION.
- Authors
Abbas, Kamran; Arshad, Irshad Ahmed; Hussain, Zamir; Khan, Khuram Shehzad
- Abstract
This paper develops Bayesian estimators of two unknown parameters of Exponentiated Pareto distribution under various loss functions. Bayesian estimators cannot be obtained in closed forms. Lindley's approximation is suggested to compute the approximate Bayesian estimates. Bayesian estimates are compared with their maximum likelihood counterparts via Monte Carlo simulation. A real data is analyzed for illustrative purposes.
- Subjects
PARETO distribution; BAYESIAN analysis; LOSS functions (Statistics); EXPONENTIATION; APPROXIMATION theory
- Publication
Pakistan Journal of Statistics, 2016, Vol 32, Issue 5, p349
- ISSN
1012-9367
- Publication type
Article