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Bayesian Estimation of the Two-Parameter Gamma Distribution |
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| Authors: | Young Sook Son Mira Oh |
| Affiliation: | 1. Department of Statistics , Chonnam National University , Kwangju , Korea ysson@chonnam.ac.kr;3. Department of Statistics , Chonnam National University , Kwangju , Korea |
| Abstract: | In this article, we present and discuss an original price index being a special case of a general formula for price indices. We show that the discussed formula satisfies most postulates coming from the axiomatic price index theory. We compare this index to other known and popular price indices in a simulation study. |
| Keywords: | Adaptive rejection sampling Gibbs sampling Maximum likelihood estimation Non informative prior Rejection sampling The method of moments estimation Two-parameter gamma distribution |