Abstract
Record values can be viewed as order statistics from a sample whose size is determined by the values and the order of occurrence of observations. Bayes and empirical Bayes estimators for the unknown parameter of the generalized exponential distribution are derived based on record statistics. These estimates are obtained based on squared error and LINEX loss functions. Prediction bounds for future lower record values are obtained by using Bayes and empirical Bayes techniques. Numerical example is given to illustrate the results.