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Abstract

The aim of this study is to estimate the first two shrinkage estimators for the parameters of the Pareto II distribution with right-censored Type II data. The methods we used in this study are: maximum likelihood and Bayesian. In the Bayesian method, we use non-informative priority, which is Jeffries priority, and we use the squared error loss function. These estimators were compared through Monte Carlo simulation to indicate preference based on the mean square error criterion.

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