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Bayesian Estimation of Exponentiated Inverted Weibull Distribution under Asymmetric Loss Functions |
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PP: 183-192 |
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Author(s) |
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Afaq Ahmad,
S. P Ahmad,
A. Ahmed,
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Abstract |
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In this paper, we obtained Bayesian estimators of the shape parameter of the Exponentiated Inverted
Weibull distribution (EIWD) distribution using Bayesian method under Square error loss function, Entropy loss
function and Precautionary loss function. In order to get better understanding of our Bayesian analysis we consider
non informative prior for the shape parameter using Jeffery’s prior Information, Extension of Jeffery’s prior and
Qausi prior. These Bayes estimators of the shape parameter of the Pareto type I distribution are compared with some
classical estimators such as the Maximum likelihood estimator (MLE). |
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