Bayesian one-sample prediction of future observations under Pareto distribution |
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| Authors: | A M Nigm Essam K Al-Hussaini |
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| Institution: | 1. Department of Statistics , Cairo University , Egypt;2. Department of Mathematics , University of Assiut , Egypt |
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| Abstract: | Suppose that the length of time in years for which a business operates until failure has a Pareto distribution. Let t 1?t 2?t r denote the survival lifetimes of the first r of a random sample of n businesses. Bayesian predictions are to be made on the ordered failure times of the remaining (n???r) businesses, using the conditional probability function. Numerical examples are given to illustrate our results. |
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| Keywords: | Bayesian prediction bounds One-sample problem Type II censoring Pareto type II distribution |
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