This paper is intended to compare between the Bayesian estimates of hazard rate and the hazard rates of nixed distributions.
In estimating hazard rates, especially when the MLE method is used, such difficulties as a lack of data and the existence of ...
This paper is intended to compare between the Bayesian estimates of hazard rate and the hazard rates of nixed distributions.
In estimating hazard rates, especially when the MLE method is used, such difficulties as a lack of data and the existence of censored data make it difficult to estimate the rates.
For this reason, the estimates of hazard rate based on the Bayesian approach are introduced.
For the simplicity, the exponential and gamma distributions are adopted as a sampling distribution and its natural conjugate prior distribution, respectively.