Bayesian estimation for the doubly censored Topp Leone distribution using approximate methods and fuzzy type of priors (Q2120205)

Summary: The Topp Leone distribution (TLD) is a lifetime model having finite support and U-shaped hazard rate; these features distinguish it from the famous lifetime models such as gamma, Weibull, or Log-normal distribution. The Bayesian methods are very much linked to the Fuzzy sets. The Fuzzy priors can be used as prior information in the Bayesian models. This paper considers the posterior analysis of TLD, when the samples are doubly censored. The independent informative priors (IPs) which are very close to the Fuzzy priors have been proposed for the analysis. The symmetric and asymmetric loss functions have also been assumed for the analysis. As the marginal PDs are not available in a closed form, therefore, we have used a Quadrature method (QM), Lindley's approximation (LA), Tierney and Kadane's approximation (TKA), and Gibbs sampler (GS) for the approximate estimation of the parameters. A simulation study has been conducted to assess and compare the performance of various posterior estimators. In addition, a real dataset has been analyzed for the illustration of the applicability of the results obtained in the study. The study suggests that the TKA performs better than its counterparts.