Parameter Estimation of Dagum Distribution Using Asymmetric Loss Functions

Select Volume / Issue:

• Volume 8,Issue 5, Sept. 2020

Year:

2020

Type of Publication:

Article

Keywords:

Dagum Distribution, Bayesian Method, Quasi and Gamma Priors, Squared Error, Precautionary, Entropy, K-loss, and Al-Bayyatis Loss Functions

Authors:

Arun Kumar Rao; Himanshu Pandey

Journal:

IJISM

Volume:

8

Number:

5

Pages:

191-197

Month:

September

ISSN:

2347-9051

Abstract:

In this paper, the Dagum distribution is considered for Bayesian analysis. The expressions for Bayes estimators of the parameter have been derived under squared error, precautionary, entropy, K-loss, and Al-Bayyati’s loss functions by using quasi and gamma priors.

Full text: IJISM_914_FINAL.pdf [Bibtex]