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Abstract

In this paper, we derive some Bayes estimators of mean parameter in a Pareto distribution under the square error, linex and another loss function for a noninformative and a gamma prior. Bayes risks of Bayes estimators for mean parameter are compared numerically with each other. Also, Bayes confidence intervals of mean parameter in the Pareto distribution are numerically compared by help of BinarySearch Method for which computeraided simulation is used.

Keywords

MSE noninformative prior gamma prior linex loss function squared error loss function.

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Bayesian Analysis of Mean Parameter in a Pareto Distribution

Abstract

Keywords

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