Bayesian Approach: Chen Distribution Analysis For Record Values Through MCMC Techniques

  • Unique Paper ID: 163915
  • Volume: 10
  • Issue: 12
  • PageNo: 45-47
  • Abstract:
  • The Bayes estimate of the Chen distribution’s unknown parameters when the data is upper in record values. We present the Bayes estimators and assume Jeffrey’s priors on the unknown parameters based on the squared error loss function. Bayes estimators can be generated using numerical integration, but they cannot be obtained explicitly. As a result, we generated a posterior sample using the MCMC method. The evaluation of the results is summarized through a real data.

Cite This Article

  • ISSN: 2349-6002
  • Volume: 10
  • Issue: 12
  • PageNo: 45-47

Bayesian Approach: Chen Distribution Analysis For Record Values Through MCMC Techniques

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