Objective Bayesian analysis of the Frechet stress–strength model

Several reference priors and a general form of matching priors are derived for a stress–strength system, and it is concluded that none of the reference priors is a matching prior. The study shows that the matching prior performs better than Jeffreys prior and reference priors in meeting the target coverage probabilities.

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Year of publication:	2014
Authors:	Abbas, Kamran ; Tang, Yincai
Published in:	Statistics & Probability Letters. - Elsevier, ISSN 0167-7152. - Vol. 84.2014, C, p. 169-175
Publisher:	Elsevier
Subject:	Frechet distribution \| Reference priors \| Matching priors \| Jeffreys prior \| Bayesian inference

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010718803