Abstract
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Article Information:
Bayes Estimation of Parameter of Exponential Distribution under a Bounded Loss Function
Lianwu Yang, Hui Zhou and Shaoliang Yuan
Corresponding Author: Lianwu Yang
Submitted: August 19, 2013
Accepted: September 02, 2013
Published: November 30, 2013 |
Abstract:
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The aim of this study is to study the Bayes estimation of parameter of exponential distribution under a bounded loss function, named reflected gamma loss function, which proposed by Towhidi and Behboodian (1999). The inverse Gamma prior distribution is used as the prior distribution of the parameter of exponential distribution. Bayesian estimators are obtained under squared error loss and the reflected gamma loss functions. Minimum risk equivariant estimator of the parameter is also derived. Finally, a numerical simulation is used to compare the estimators obtained.
Key words: Bayes estimator, bounded loss function, minimum risk equivariant estimator, squared error loss, , ,
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Cite this Reference:
Lianwu Yang, Hui Zhou and Shaoliang Yuan, . Bayes Estimation of Parameter of Exponential Distribution under a Bounded Loss Function. Research Journal of Mathematics and Statistics, (4): 28-31.
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ISSN (Online): 2040-7505
ISSN (Print): 2042-2024 |
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