A Comparison Of Priors For The Parameter Of The Time-to-failure Model

Authors

  • mtahir Department of Statistics, Government College University, Faisalabad 38000, Pakistan

DOI:

https://doi.org/10.57041/pjs.v63i1.71

Keywords:

Jeffreys prior, Elicitation, Prior predictive distribution, Bayes posterior risk

Abstract

The objective of this study was to compare the Bayes estimates of the parameter of the time-to-failure model based on informative and non-informative priors. The Gamma distribution wasassumed as the informative conjugate prior while the Jeffreys prior was assumed as an uninformative prior. The comparison is based on the posterior variance, the Bayesian interval estimate, the coefficient of skewness of the posterior distribution and the Bayes posterior risk.

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Published

2011-03-01

How to Cite

mtahir. (2011). A Comparison Of Priors For The Parameter Of The Time-to-failure Model. Pakistan Journal of Science, 63(1). https://doi.org/10.57041/pjs.v63i1.71

Issue

Vol. 63 No. 1 (2011): Pakistan Journal of Science

Section

Articles

License

Copyright (c) 2011 Pakistan Journal of Science

Creative Commons License

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

http://creativecommons.org/licenses/by-sa/4.0