Parameter Estimation of Length Biased Weighted Frechet Distribution via Bayesian Approach
Arun Kumar Rao
Department of Mathematics and Statistics, DDU Gorakhpur University, Gorakhpur, India.
Himanshu Pandey *
Department of Mathematics and Statistics, DDU Gorakhpur University, Gorakhpur, India.
*Author to whom correspondence should be addressed.
Abstract
In this paper, length-biased weighted Frechet distribution is considered for Bayesian analysis. The expressions for Bayes estimators of the parameter have been derived under squared error, precautionary, entropy, K-loss, and Al-Bayyati’s loss functions by using quasi and gamma priors.
Keywords: Bayesian method, length-biased weighted frechet distribution, quasi and gamma priors, squared error, precautionary, entropy, k-loss and al-bayyati’sloss functions.