BAYES ESTIMATORS OF THE SCALE PARAMETER OF A GENERALIZED GAMMA TYPE MODEL
Keywords:
Lifetime Model, Bayes estimator, Maximum Likelihood Estimator, Prior, Reliability Function, Hazard Rate Function.Abstract
Bayes estimators of the scale parameter of a generalized gamma type model are obtained for different priors. For the proposed prior, Bayes estimator of θ for given p and k=1 coincides with MLE of θ if c=2, whereas Bayes estimator of hazard rate function of θ given p and k coincides with its MLE. Thumb’s rule has been used for constructing a conjugate prior for θ . Bayes estimators of reliability function and hazard rate function have also been obtained.
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References
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