Quasi-Bayesian estimation of time to test transform under asymmetric loss functions

Abstract

In the present paper, Quasi-Bayesian estimation of Total Time on Test transform (TTT) for the Lomax distribution. A two parametric Lomax distribution is considered for the analysis. Estimators are obtained by using extension of Jeffrey’s prior and Gamma prior under Entropy loss function and Precautionary loss function. Both the classical and Bayes estimators have been developed.