The Bayesian Estimation and Prediction Process Applied to a Mixture of Weibull and Gompertz Distributions Based on Type-I censoring

Authors

Dept. of Math., Faculty of Science, Al-Azhar University, Nasr City, Cairo, Egypt

Abstract

We examine different methods to estimate the parameters of a lifetime model represented by a mixture of Weibull and Gompertz distributions, based on Type-I censoring. We derive Bayes estimators with a variety of loss functions, including symmetric Squared Error, asymmetric Linear Exponential, and General Entropy, utilizing both informative and noninformative priors. We also go over how to create the model's two-sample Bayesian prediction intervals. To demonstrate these methods, we provide computational results through Monte Carlo simulations and real data.