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  • 标题:New Improved Informative Priors for Variance of Normal Distribution
  • 本地全文:下载
  • 作者:Abdul Haq.
  • 期刊名称:Interstat
  • 印刷版ISSN:1941-689X
  • 出版年度:2009
  • 期号:nov
  • 出版社:Virginia Tech
  • 摘要:

    In this study a new informative prior is developed for unknown variance of the Normal distribution. The idea is to combine both informative and non-informative priors just as posterior distribution which combines likelihood and prior distribution, in order to update the information about unknown parameter of the probability distribution under study. Different new priors have been assumed for unknown variance of the Normal distribution. The comparison is based upon posterior variances, posterior coefficient of variability and posterior predictive variances. Finally, an improved informative prior for unknown Normal variance is suggested, which performs better than the priors given by Aslam and Haq (2009).

  • 关键词:Prior distribution; Density kernel; Posterior distribution; Posterior Predictive distribution
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