Bayesian inference for a common scale parameter of several Pareto populations
Sumith Gunasekera
Communications in Statistics - Theory and Methods, 2017, vol. 46, issue 6, 2780-2800
Abstract:
This article deals with the problem of Bayesian inference concerning the common scale parameter of several Pareto distributions. Bayesian hypothesis testing of, and Bayesian interval estimation for, the common scale parameter is given. Numerical studies including a comparison study, a simulation study, and a practical application study are given in order to illustrate our procedures and to demonstrate the performance, advantages, and merits of the Bayesian procedures over the classical and generalized variable procedures.
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:taf:lstaxx:v:46:y:2017:i:6:p:2780-2800
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DOI: 10.1080/03610926.2015.1048890
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