Abstract
In this paper, based on record data from the two-parameter generalized Pareto distribution, Bayes estimates for the two unknown parameters are obtained. under the squared error loss (SEL) and linear-exponential (LINEX) loss functions. The behavior of future records based on observing some records is also addressed. An artificial and a real data set have been analyzed for illustrative purposes.
| Original language | English |
|---|---|
| Pages (from-to) | 211-221 |
| Number of pages | 11 |
| Journal | Journal of Applied Statistical Science |
| Volume | 16 |
| Issue number | 2 |
| Publication status | Published - 2008 |
Keywords
- Generalized Pareto distribution
- Gibbs and Metropolis sampling
- Linex loss
- Record statistics
- Squared error loss
ASJC Scopus subject areas
- Statistics and Probability