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Bayesian Estimators Using Record Statistics of Exponentiated Inverse Weibull Distribution

  • Received : 2012.03.07
  • Accepted : 2012.04.24
  • Published : 2012.05.31

Abstract

The inverse Weibull distribution(IWD) is a complementary Weibull distribution and plays an important role in many application areas. In this paper, we develop a Bayesian estimator in the context of record statistics values from the exponentiated inverse Weibull distribution(EIWD). We obtained Bayesian estimators through the squared error loss function (quadratic loss) and LINEX loss function. This is done with respect to the conjugate priors for shape and scale parameters. The results may be of interest especially when only record values are stored.

Keywords

References

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Cited by

  1. Nonparametric Bayesian estimation on the exponentiated inverse Weibull distribution with record values vol.25, pp.3, 2014, https://doi.org/10.7465/jkdi.2014.25.3.611