Bayesian estimation of Lomax distribution under type-II hybrid censored data using Lindley's approximation method
Sanjay Kumar Singh,
Umesh Singh and
Abhimanyu Singh Yadav
International Journal of Data Science, 2017, vol. 2, issue 4, 352-368
Abstract:
In this paper, we have discussed the estimation procedure for two parameter Lomax distribution under Type-II hybrid censoring scheme. The maximum likelihood estimation (MLE) and Bayes estimation for the parameters and reliability characteristics have been considered. The Lindley's approximation technique has been used to obtain the Bayes estimates. The performances of the Bayes estimators are compared with the corresponding maximum likelihood estimators (MLEs) in term of their mean square error (MSE). Finally, a real dataset has been used to illustrate the discussed methodology.
Keywords: Lomax distribution; hybrid censoring; Lindley's approximation technique. (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijdsci:v:2:y:2017:i:4:p:352-368
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