Bayesian Analysis of a Renamed Failur Model and its Order Statistics: A Mathematical Study
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Keywords:
SD Distribution, Reliability function, Hazard rate function, Prior distribution, Posterior distributionAbstract
The present paper deals in Bayesian analysis of the new distribution which is renamed here as SD-distribution. Bayesian estimates of the expected life, reliability function, hazard rate function is studied mathematically for the distribution, which is already established as a failure model. Similarly Bayesian estimates for the order statistics is also found here. The scale and shape parameters had been considered as random variables separately with certain prior distribution for the purpose of Bayesian estimation.
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