Title
Objective Bayesian analysis for the Lomax distribution
Date Issued
01 April 2020
Access level
open access
Resource Type
journal article
Author(s)
Ferreira P.H.
Ramos E.
Ramos P.L.
Tomazella V.L.D.
Ehlers R.S.
Silva E.B.
Louzada F.
Publisher(s)
Elsevier B.V.
Abstract
In this paper, we propose to make Bayesian inferences for the parameters of the Lomax distribution using non-informative priors, namely the (dependent and independent) Jeffreys prior and the reference prior. We assess Bayesian estimation through a Monte Carlo study with 10,000 simulated datasets. In order to evaluate the possible impact of prior specification on estimation, two criteria were considered: the mean relative error and the mean square error. An application on a real dataset illustrates the developed procedures.
Volume
159
Language
English
OCDE Knowledge area
Estadísticas, Probabilidad
Subjects
Scopus EID
2-s2.0-85076500360
Source
Statistics and Probability Letters
ISSN of the container
01677152
Sources of information:
Directorio de Producción Científica
Scopus