Research Article

Comparison of loss functions for estimating the scale parameter of log-normal distribution using non-informative priors

Volume: 45 Number: 6 December 1, 2016
EN

Comparison of loss functions for estimating the scale parameter of log-normal distribution using non-informative priors

Abstract

The estimation of parameters of distributions is a core topic in the literature on Statistical methodology. Many Bayesian and classical approaches have been derived for estimating parameters. In this study, Bayesian estimation technique is adopted for the comparison of two non-informative priors and six loss functions to estimate the scale parameter of Log-Normal distribution assuming fixed values of location parameter. The main purpose of this study is to search for a suitable prior when no prior information is available and to look for an appropriate loss function for estimation of the scale parameter of Log-Normal distribution. Through simulation study, comparisons are made on the basis of the posterior variances, coefficients of skewness, ex-kurtosis and Bayes risks. The simulation results are verified through a real data set of lung cancer patients.

Keywords

References

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Details

Primary Language

English

Subjects

Statistics

Journal Section

Research Article

Authors

Akbar Ali Khan * This is me

Muhammad Aslam This is me

Muhammad Tahir This is me

Publication Date

December 1, 2016

Submission Date

August 21, 2015

Acceptance Date

October 28, 2015

Published in Issue

Year 2016 Volume: 45 Number: 6

APA
Khan, A. A., Aslam, M., Hussain, Z., & Tahir, M. (2016). Comparison of loss functions for estimating the scale parameter of log-normal distribution using non-informative priors. Hacettepe Journal of Mathematics and Statistics, 45(6), 1831-1845. https://izlik.org/JA96ZU99ZU
AMA
1.Khan AA, Aslam M, Hussain Z, Tahir M. Comparison of loss functions for estimating the scale parameter of log-normal distribution using non-informative priors. Hacettepe Journal of Mathematics and Statistics. 2016;45(6):1831-1845. https://izlik.org/JA96ZU99ZU
Chicago
Khan, Akbar Ali, Muhammad Aslam, Zawar Hussain, and Muhammad Tahir. 2016. “Comparison of Loss Functions for Estimating the Scale Parameter of Log-Normal Distribution Using Non-Informative Priors”. Hacettepe Journal of Mathematics and Statistics 45 (6): 1831-45. https://izlik.org/JA96ZU99ZU.
EndNote
Khan AA, Aslam M, Hussain Z, Tahir M (December 1, 2016) Comparison of loss functions for estimating the scale parameter of log-normal distribution using non-informative priors. Hacettepe Journal of Mathematics and Statistics 45 6 1831–1845.
IEEE
[1]A. A. Khan, M. Aslam, Z. Hussain, and M. Tahir, “Comparison of loss functions for estimating the scale parameter of log-normal distribution using non-informative priors”, Hacettepe Journal of Mathematics and Statistics, vol. 45, no. 6, pp. 1831–1845, Dec. 2016, [Online]. Available: https://izlik.org/JA96ZU99ZU
ISNAD
Khan, Akbar Ali - Aslam, Muhammad - Hussain, Zawar - Tahir, Muhammad. “Comparison of Loss Functions for Estimating the Scale Parameter of Log-Normal Distribution Using Non-Informative Priors”. Hacettepe Journal of Mathematics and Statistics 45/6 (December 1, 2016): 1831-1845. https://izlik.org/JA96ZU99ZU.
JAMA
1.Khan AA, Aslam M, Hussain Z, Tahir M. Comparison of loss functions for estimating the scale parameter of log-normal distribution using non-informative priors. Hacettepe Journal of Mathematics and Statistics. 2016;45:1831–1845.
MLA
Khan, Akbar Ali, et al. “Comparison of Loss Functions for Estimating the Scale Parameter of Log-Normal Distribution Using Non-Informative Priors”. Hacettepe Journal of Mathematics and Statistics, vol. 45, no. 6, Dec. 2016, pp. 1831-45, https://izlik.org/JA96ZU99ZU.
Vancouver
1.Akbar Ali Khan, Muhammad Aslam, Zawar Hussain, Muhammad Tahir. Comparison of loss functions for estimating the scale parameter of log-normal distribution using non-informative priors. Hacettepe Journal of Mathematics and Statistics [Internet]. 2016 Dec. 1;45(6):1831-45. Available from: https://izlik.org/JA96ZU99ZU