Bayesian Inference for Mixture Distributions: Algebraic Expressions and Simulation Study with Industrial and Reliability Applica,Used

Bayesian Inference for Mixture Distributions: Algebraic Expressions and Simulation Study with Industrial and Reliability Applica,Used

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SKU: DADAX3659287598
Brand: LAP Lambert Academic Publishing
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This work considers typeI mixtures of the members of a subclass of one parameter exponential family of disributions. This subclass includes Exponential, Rayleigh, Pareto, a Burr type XII and Power function distributions. Except the Exponential, mixtures of distributions of this subclass get either no or least attention in literature so far. The elegant closed form expressions for the Bayes estimators of the parameters of each of these mixtures are presented along with their variances assuming uninformative and informative priors. The proposed informative Bayes estimators emerge advantageous in terms of their least standard errors. An extensive simulation study is conducted for each of these mixtures to highlight the properties and comparison of the proposed Bayes estimators in terms of sample sizes, censoring rates, mixing proportions and different combinations of the parameters of the component densities. A typeIV sample consisting of ordinary typeI, right censored observations is considered. Bayesian analysis of the real life mixture data sets is conducted as an application of each mixture and some interesting observations and comparisons have been observed.

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