On Bayesian Shrinkage Setup for Item Failure Data Under a Family of Life Testing Distribution

doi:https://doi.org/10.22237/jmasm/1288585260

Open AccessArticle10.22237/jmasm/1288585260

On Bayesian Shrinkage Setup for Item Failure Data Under a Family of Life Testing Distribution

Gyan Prakash-2010-11-01-Journal of Modern Applied Statistical Methods

TL;DRAbstract

Properties of the Bayes shrinkage estimator for the parameter are studied of a family of probability density function when item failure data are available. The symmetric and asymmetric loss functions are considered for two different prior distributions. In addition, the Bayes estimates of reliability function and hazard rate are obtained and their properties are studied.

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Properties of the Bayes shrinkage estimator for the parameter are studied of a family of probability density function when item failure data are available. The symmetric and asymmetric loss functions are considered for two different prior distributions. In addition, the Bayes estimates of reliability function and hazard rate are obtained and their properties are studied.

Keywords

MathematicsBayes' theoremStatisticsShrinkage estimatorShrinkagePrior probabilityEstimatorBayesian probability

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