Work place: Department of Statistics, University of Kashmir, Srinagar, 190006, India
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Research Interests: Statistics, Probability
Biography
Uzma Jan is a research scholar in the Department of Statistics at the University of Kashmir. She has completed her P.G in the year 2013. She is currently pursuing her Ph.D. in the Department of Statistics. Her main interests are Bayesian Statistics and Probability distributions
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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