Bayesian Analysis of Exponential Distribution Using Informative Prior

R. K. Radha

Abstract: The exponential distribution is a well known distribution as a life time model in life testing experiments. In this paper. Bayesian and Classical analysis is discussed. For comparison Bayesian credible interval, coefficient of skewness, posterior predictive distribution is considered using informative prior as Gamma for exponential model.

Keywords: Posterior, prior, Bayesian loss functions