Bayesian Estimation for the Parameters and Reliability Function of Basic Gompertz Distribution under Squared Log Error Loss Function
Keywords:Basic Gompertz distribution, Maximum likelihood estimator, Bayes estimator, Squared log error loss function, Reliability function, Mean squared errors
In this paper, some estimators for the unknown shape parameters and reliability function of Basic Gompertz distribution were obtained, such as Maximum likelihood estimator and some Bayesian estimators under Squared log error loss function by using Gamma and Jefferys priors. Monte-Carlo simulation was conducted to compare the performance of all estimates of the shape parameter and Reliability function, based on mean squared errors (MSE) and integrated mean squared errors (IMSE's), respectively. Finally, the discussion is provided to illustrate the results that are summarized in tables.