There are many situations where experimental outcomes are a sequence of recordbreaking observations. In this article, Bayesian estimation for the two parameters of the exponential distribution are obtained based on k-record values under Linear-Exponential (LINEX) loss function. The admissibility of some estimators are discussed. Prediction, either point or interval, for future k-record values are also presented from a Bayesian view point. Numerical computations are given for an empirical comparison.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.