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A study of the effect of the loss function on Bayes Estimate, posterior risk and hazard function for Lindley distribution
Journal article   Open access  Peer reviewed

A study of the effect of the loss function on Bayes Estimate, posterior risk and hazard function for Lindley distribution

Sajid Ali, Muhammad Aslam and Syed Mohsin Ali Kazmi
Applied mathematical modelling, Vol.37(8), pp.6068-6078
15/04/2013
DOI: https://doi.org/10.1016/j.apm.2012.12.008

Abstract

Elicitation of hyperparameters Failure rate function Lindley distribution Loss functions Posterior risk
In this paper, mathematical properties of Lindley distribution via Bayesian approach are derived under different loss functions. These properties include: Bayes Estimators, posterior risks and failure rate function for simulation scheme. Elicitation of hyperparameters is also discussed. A real life application to waiting time data at the bank is also described for the developed procedures (also using WinBUGS). Results are compared on the basis of posterior risk.
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https://doi.org/10.1016/j.apm.2012.12.008View
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