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Approximation Techniques for the Parameters of Lomax Distribution |
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PP: 91-99 |
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doi:10.18576/sjm/050303
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Author(s) |
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KawsarFatima,
Afaq Ahmad,
S. P. Ahmad,
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Abstract |
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| The present study is concerned with the estimation of Lomax distribution using various Bayesian approximation techniques like normal approximation, Tierney and Kadane (T-K) Approximation. Different informative and non-informative priors are used to obtain the Baye’s estimate of Lomax distribution under different approximation techniques. The simulation study has been conducted for comparison of Baye’s estimates obtained under different approximations using different priors. A real life example has also been discussed to compare the performance of these estimates. |
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