Bayesian Estimators Using Record Statistics of Exponentiated Inverse Weibull Distribution

Yong-Ku Kim, Jung-In Seo, Suk-Bok Kang
2012 Communications for Statistical Applications and Methods  
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
more » ... e results may be of interest especially when only record values are stored.
doi:10.5351/ckss.2012.19.3.479 fatcat:zcibfsxzm5azbeir324nybzcjm