On estimation of Frechet distribution with known shape using Bayesian analysis under informative priors

  • Authors

    • Wajiha Nasir Govt. Women University, Sialkot, Pakistan
    2017-10-23
    https://doi.org/10.14419/ijsw.v5i2.8371
  • Bayes estimator, posterior risks, Loss function, extreme value, posterior, prior, elicitation
  • In this study, Frechet distribution has been studied by using Bayesian analysis. Posterior distribution has been derived by using gamma and exponential. Bayes estimators and their posterior risks has been derived using five different loss functions. Elicitation of hyperparameters has been done by using prior predictive distributions. Simulation study is carried out to study the behavior of posterior distribution. Quasi quadratic loss function and exponential prior are found better among all.

  • References

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  • How to Cite

    Nasir, W. (2017). On estimation of Frechet distribution with known shape using Bayesian analysis under informative priors. International Journal of Scientific World, 5(2), 141-144. https://doi.org/10.14419/ijsw.v5i2.8371