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Document Type

Original Article

Subject Areas

Mathematics and Statistics

Keywords

Bayesian estimation and prediction, Gompertz distribution, Loss function, Mixture model, Type-I censoring, Weibull distribution

Abstract

We examine different methods to estimate the parameters of a lifetime model represented by a mixture of Weibull and Gompertz distributions, based on Type-I censoring. We derive Bayes estimators with a variety of loss functions, including symmetric Squared Error, asymmetric Linear Exponential, and General Entropy, utilizing both informative and noninformative priors. We also go over how to create the model's two-sample Bayesian prediction intervals. To demonstrate these methods, we provide computational results through Monte Carlo simulations and real data.

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