Bayesian survival estimation of Pareto distribution of the second kind based on failure-censored data. (Q5958582): Difference between revisions

This paper presents Bayesian estimation of the survival function of the Pareto distribution of the second kind using the methods of Lindley (1980) and Tierney and Kadane (1986). A numerical example is given to illustrate the results derived. Based on a Monte Carlo simulation study, comparisons are made between these two methods, as well as, their competitor, the maximum likelihood method, by considering different censored samples and several values of the true shape and scale parameters.