2025, Vol. 10, Issue 5, Part B
Bayesian estimation for the scale parameter of the Pareto distribution under asymmetric LINEX loss function
Author(s): Sanjeev Kumar Sinha
Abstract: This paper explores Bayesian estimation of the
scale parameter of Pareto distribution under the asymmetric LINEX loss
function, assuming a known shape parameter. Suitable priors are employed to
derive the Bayes estimators, which are then compared with the maximum
likelihood estimator (MLE) in terms of risk performance. A Monte Carlo
simulation study with 1000 samples demonstrates the effectiveness of the
proposed approach.
Pages: 104-108 | Views: 258 | Downloads: 5Download Full Article: Click Here
How to cite this article:
Sanjeev Kumar Sinha. Bayesian estimation for the scale parameter of the Pareto distribution under asymmetric LINEX loss function. Int J Stat Appl Math 2025;10(5):104-108.
