Abstract:Estimating the scale parameter of the Gumbel-Lomax Distribution using the Bayesian method of estimation and evaluating the estimators by assuming two non-informative prior distributions and one informative prior distribution is very important for the general application of the Gumbel-Lomax distribution. These estimators are obtained using the squared error loss function (SELF), Quadratic loss function (QLF) and precautionary loss function (PLF). The posterior distributions of the scale parameter of the Gumbel-… Show more
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