Bayesian estimation methods form a dynamic branch of statistical inference, utilising Bayes’ theorem to update probabilities in light of new evidence. This framework combines prior knowledge with ...
A study is made of the simple empirical Bayes estimators proposed by Robbins (1956). These estimators are compared with `best' conventional estimators in terms of ...
Discover how credibility theory helps actuaries use historical data to estimate risks and set insurance premiums; learn how ...
Bayesian estimation and maximum likelihood methods represent two central paradigms in modern statistical inference. Bayesian estimation incorporates prior beliefs through Bayes’ theorem, updating ...
Vol. 80, Special issue In Celebration of the 125th Birth Anniversary of Prasanta Chandra Mahalanobis (December 2018), pp. S70-S83 (14 pages) We consider the problem of simultaneous estimation of two ...