- Tytuł:
- A study on exponentiated Gompertz distribution under Bayesian discipline using informative priors
- Autorzy:
-
Aslam, Muhammad
Afzaal, Mehreen
Bhatti, M. Ishaq - Powiązania:
- https://bibliotekanauki.pl/articles/1917073.pdf
- Data publikacji:
- 2021-12-08
- Wydawca:
- Główny Urząd Statystyczny
- Tematy:
-
exponentiated Gompertz distribution
loss functions
informative priors
Bayes estimators
posterior risks - Opis:
- The exponentiated Gompertz (EGZ) distribution has been recently used in almost all areas of human endeavours, starting from modelling lifetime data to cancer treatment. Various applications and properties of the EGZ distribution are provided by Anis and De (2020). This paper explores the important properties of the EGZ distribution under Bayesian discipline using two informative priors: the Gamma Prior (GP) and the Inverse Levy Prior (ILP). This is done in the framework of five selected loss functions. The findings show that the two best loss functions are the Weighted Balance Loss Function (WBLF) and the Quadratic Loss Function (QLF). The usefulness of the model is illustrated by the use of reallife data in relation to simulated data. The empirical results of the comparison are presented through a graphical illustration of the posterior distributions.
- Źródło:
-
Statistics in Transition new series; 2021, 22, 4; 101-119
1234-7655 - Pojawia się w:
- Statistics in Transition new series
- Dostawca treści:
- Biblioteka Nauki
Artykuł