Noninformative priors for linear combinations of exponential means

- Journal title : Journal of the Korean Data and Information Science Society
- Volume 27, Issue 2, 2016, pp.565-575
- Publisher : Korean Data and Information Science Society
- DOI : 10.7465/jkdi.2016.27.2.565

Title & Authors

Noninformative priors for linear combinations of exponential means

Lee, Woo Dong; Kim, Dal Ho; Kang, Sang Gil;

Lee, Woo Dong; Kim, Dal Ho; Kang, Sang Gil;

Abstract

In this paper, we develop the noninformative priors for the linear combinations of means in the exponential distributions. We develop the matching priors and the reference priors. The matching priors, the reference prior and Jeffreys' prior for the linear combinations of means are developed. It turns out that the reference prior and Jeffreys' prior are not a matching prior. We show that the proposed matching prior matches the target coverage probabilities much more accurately than the reference prior and Jeffreys' prior in a frequentist sense through simulation study, and an example based on real data is given.

Keywords

Linear combinations of means;matching prior;reference prior;

Language

English

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