Parameters Estimation of the Exponentiated Chen Distribution Based on Upper Record Values
Farhad Yousaf,
Sajid Ali,
Ismail Shah
et al.
Abstract:This article discusses the Bayesian and frequentist inferences for the exponentiated Chen distribution assuming upper record values. Due to unavailability of the compact form of marginal posterior distributions, a Markov Chain Monte Carlo algorithm is designed to compute the posterior summaries. Prediction of future record values under Bayesian and frequentist methods is also discussed mathematically and numerically. Further, a sensitivity analysis to assess the effect of prior on the estimated parameters is a… Show more
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