Bayesian Test for Lifetime Performance Index of Exponential Distribution under Symmetric Entropy Loss Function
Mathematics Letters
Volume 4, Issue 1, March 2018, Pages: 20-24
Received: Mar. 1, 2018; Accepted: Mar. 27, 2018; Published: May 4, 2018
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Guobing Fan, School of Mathematics and Statistics, Hunan University of Finance and Economics, Changsha, China
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The task of this paper is to estimate the lifetime performance index of Exponential distribution. A Bayesian test procedure is established under symmetric entropy loss function. Firstly, Bayesian estimation of life performance index is obtained, then a Bayesian test procedure for lifetime performance index is proposed. Finally, an applied example is used to illustrate the effectiveness of the proposed test method.
Lifetime Performance Index, Bayesian Test, Exponential Distribution, Symmetric Entropy Loss Function
To cite this article
Guobing Fan, Bayesian Test for Lifetime Performance Index of Exponential Distribution under Symmetric Entropy Loss Function, Mathematics Letters. Vol. 4, No. 1, 2018, pp. 20-24. doi: 10.11648/
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