Work place: Department of Statistics, University of Kashmir, Srinagar, 190006, India
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Research Interests: Statistics, Probability
Biography
S.P. Ahmad is a Sr. Assistant Professor of Department of Statistics, at the University of Kashmir at Srinagar, Kashmir, India. He received his Ph.D degree in Statistics from University of Kashmir, India. His main research interests are in the areas of Bayesian Statistics and Probability distribution theory. He has published more than 45 publications.
By Hummara Sultan Uzma Jan S.P Ahmad
DOI: https://doi.org/10.5815/ijmsc.2018.03.02, Pub. Date: 8 Jul. 2018
Dagum distribution is a statistical distribution used closely for fitting income and wealth distributions. This distribution has wide application in fields like reliability theory survival analysis, actuarial sciences, and meteorological data. In this article, we obtained Bayes estimators for the shape parameter of Dagum distribution using approximation techniques like normal and T-K approximations. Moreover different informative priors have been considered and a simulation study and three real data sets have been considered to study the efficiency of obtained results.
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