Bayesian Inference on the Shape Parameter and Future Observation of Exponentiated Family of Distributions

Table 3

Estimated future observation for the data set under three different loss functions.

𝑐1	𝑦^∗1	𝑦^∗2	𝑦^∗3
			𝛾=0.5	𝛾=1.0	𝛾=1.5
0.5	33.359	62.788	57.977	53.098	48.026
1.0	30.572	61.338	56.432	51.431	46.169
1.5	26.726	59.822	54.812	49.673	44.173
2.0	24.755	58.233	53.111	47.813	42.017
5.0	18.285	46.701	40.504	33.421	27.315
Conjugate prior	55.329	13.047	320.483	315.724	190.144