Bayesian Inference on the Shape Parameter and Future Observation of Exponentiated Family of Distributions.pdfVIP

Hindawi Publishing Corporation Journal of Probability and Statistics Volume 2011, Article ID 457472, 17 pages doi:10.1155/2011/457472 Research Article Bayesian Inference on the Shape Parameter and Future Observation of Exponentiated Family of Distributions Sanku Dey1 and Sudhansu S. Maiti2 1 Department of Statistics, St. Anthony’s College, Shillong 793 001, India 2 Department of Statistics, Visva-Bharati University, Santiniketan 731 235, India Correspondence should be addressed to Sudhansu S. Maiti, dssm1@rediff Received 17 May 2011; Accepted 5 September 2011 Academic Editor: Mohammad Fraiwan Al-Saleh Copyright q 2011 S. Dey and S. S. Maiti. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. The Bayes estimators of the shape parameter of exponentiated family of distributions have been derived by considering extension of Jeffreys’ noninformative as well as conjugate priors under different scale-invariant loss functions, namely, weighted quadratic loss function, squared-log error loss function and general entropy loss function. The risk functions of these estimators have been studied. We have also considered the highest posterior density HPD intervals for the parameter and the equal-tail and HPD prediction intervals for future observation. Finally, we analyze one data set for illustration. 1. Introduction Let X be a random variable whose cumulative distribution function cdf and probability density function pdf are given by G x; α, θ Fα x; θ , 1.1