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

  • Abstract

    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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      [7] Sindhu, Tabassum Naz, Muhammad Aslam, and Navid Feroze. â€On estimation of the Frechet Distribution with known shape under different sample schemes.†International Journal of Intelligent Technologies and Applied Statistics 7.4 (2014): 353-368.

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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

    Received date: 2017-09-18

    Accepted date: 2017-10-19

    Published date: 2017-10-23