Affiliation:
1. Institute of Statistics and Applied Mathematics, Anhui University of Finance & Economics, Bengbu 233000, China
Abstract
In this paper, based on the mixed Gibbs sampling algorithm, a Bayesian estimation procedure is proposed for a new Pareto-type distribution in the case of complete and type II censored samples. Simulation studies show that the proposed method is consistently superior to the maximize likelihood estimation in the context of small samples. Also, an analysis of some real data is provided to test the Bayesian estimation.
Funder
Anhui Province Foundation
Subject
General Mathematics,Engineering (miscellaneous),Computer Science (miscellaneous)
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Cited by
3 articles.
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