A Comparison of two Bayesian estimators for parameter of Pareto Distribution using two Loss Function | ||
| Al Kut Journal of Economics Administrative Sciences | ||
| Article 1, Volume 0, Issue 0, January 2018, Pages 147-168 | ||
| Abstract | ||
| ABSTRACT :- In this research was derived Bayesian estimator using Modified squared Error Loss Function Modified Linear Exponential Loss Function . In the experimental part was compared between two Bayesian estimators employ simulation in Monte-Carlo method and using statistical indicators Mean Squared Error (MSE) and Mean Absolute Percentage Error (MAPE) for comparison between the preference of estimators . and for certain values to fundamental constants (r,k) in loss functions demonstrated preference of Bayesian estimator for each function of these functions and according to the simulation experiments . | ||
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