Bayesian Estimation & Prediction Based on Complete & Censored Samples
(Sprache: Englisch)
In this book efforts have been devoted in finding a suitable objective prior for the parameters, by using an informative prior density on the unreliability level at a prefixed time, where the analyst does not think in terms of the parameters, but express...
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In this book efforts have been devoted in finding a suitable objective prior for the parameters, by using an informative prior density on the unreliability level at a prefixed time, where the analyst does not think in terms of the parameters, but express his technical knowledge in terms of more practical concepts such as the unreliability level at a given time. Then he must convert his information into a degree of belief about the distribution parameters. Thus, in this book two Bayes procedures are applied, when the underline lifetime distribution has the type-II extreme value distribution (EVD); the first procedure used the non-informative prior (NIP) for the purpose of comparison, when there is no information available about the parameters other than that contained in the empirical data. The second procedure, which is the proposed one, used the informative prior (IP), when there is prior information on practical quantities for which an engineer can express his prior knowledge in terms of more practical concepts such as the unreliability level F(t), at a prefixed time.
Autoren-Porträt von Ahmed Elmoasry
Elmoasry, AhmedIn the last decades, the Bayes' approach has received large attention for analyzing experimental data and has been proposed as a valid alternative to the classical estimation procedure, which set us free from the yoke of sufficiency, but the Bayesian method enables the utilization of prior information, that is, of information other than data.
Bibliographische Angaben
- Autor: Ahmed Elmoasry
- 108 Seiten, Maße: 22 cm, Kartoniert (TB), Englisch
- Verlag: Noor Publishing
- ISBN-10: 3330970650
- ISBN-13: 9783330970656
Sprache:
Englisch
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