Bayes estimation for the Marshall–Olkin bivariate Weibull distribution
In this paper, we consider the Bayesian analysis of the Marshall–Olkin bivariate Weibull distribution. It is a singular distribution whose marginals are Weibull distributions. This is a generalization of the Marshall–Olkin bivariate exponential distribution. It is well known that the maximum likelihood estimators of the unknown parameters do not always exist. The Bayes estimators are obtained with respect to the squared error loss function and the prior distributions allow for prior dependence among the components of the parameter vector. If the shape parameter is known, the Bayes estimators of the unknown parameters can be obtained in explicit forms under the assumptions of independent priors. If the shape parameter is unknown, the Bayes estimators cannot be obtained in explicit forms. We propose to use the importance sampling method to compute the Bayes estimators and also to construct associated credible intervals of the unknown parameters. The analysis of one data set is performed for illustrative purposes. Finally we indicate the analysis of data sets obtained from series and parallel systems.
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Volume (Year): 57 (2013)
Issue (Month): 1 ()
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- Patra, Kaushik & Dey, Dipak K., 1999. "A multivariate mixture of Weibull distributions in reliability modeling," Statistics & Probability Letters, Elsevier, vol. 45(3), pages 225-235, November.
- Dimitris Karlis, 2003. "ML estimation for multivariate shock models via an EM algorithm," Annals of the Institute of Statistical Mathematics, Springer;The Institute of Statistical Mathematics, vol. 55(4), pages 817-830, December.
- G. Heinrich & U. Jensen, 1995. "Parameter estimation for a bivariate lifetime distribution in reliability with multivariate extensions," Metrika: International Journal for Theoretical and Applied Statistics, Springer, vol. 42(1), pages 49-65, December.
- Kundu, Debasis & Dey, Arabin Kumar, 2009. "Estimating the parameters of the Marshall-Olkin bivariate Weibull distribution by EM algorithm," Computational Statistics & Data Analysis, Elsevier, vol. 53(4), pages 956-965, February.
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