Research Article

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

Table 4

Bayesian predictive and HPD predictive intervals for future observation of the data set.

𝜂 Conjugate prior 𝑐 1 = 0 . 5 𝑐 1 = 1 . 0 𝑐 1 = 1 . 5 𝑐 1 = 2 . 0 𝑐 1 = 5 . 0

0.01(0.015, 17.32) ( 0 . 0 3 1 , 3 7 . 6 1 ) ( 0 . 0 3 3 , 3 9 . 5 3 ) ( 0 . 0 3 4 , 4 1 . 6 6 ) ( 0 . 0 3 6 , 4 4 . 0 3 ) ( 0 . 0 5 1 , 6 6 . 7 8 )
(7.819, 220.83) ( 5 . 9 6 6 , 1 9 9 . 8 2 ) ( 5 . 2 5 7 , 1 9 8 . 2 9 ) ( 4 . 5 5 2 , 1 9 6 . 6 7 ) ( 3 . 8 5 6 , 1 9 4 . 9 7 ) ( 0 . 3 9 8 , 1 8 2 . 5 3 )

0.05(0.078, 11.85) ( 0 . 1 5 9 , 2 5 . 2 5 ) ( 0 . 1 6 7 , 2 6 . 4 9 ) ( 0 . 1 7 5 , 2 7 . 8 7 ) ( 0 . 1 8 3 , 2 9 . 4 1 ) ( 0 . 2 6 2 , 4 3 . 7 6 )
(16.206, 168.96) ( 1 0 . 7 1 2 , 1 4 8 . 2 6 ) ( 1 0 . 2 1 7 , 1 4 7 . 4 5 ) ( 9 . 6 5 4 , 1 4 6 . 4 1 ) ( 8 . 6 7 1 , 1 4 4 . 6 9 ) ( 2 . 6 3 5 , 1 3 1 . 9 0 )

0.10(0.158, 9.55) ( 0 . 3 2 4 , 2 0 . 1 9 ) ( 0 . 3 3 8 , 2 1 . 1 7 ) ( 0 . 3 5 4 , 2 2 . 2 5 ) ( 0 . 3 7 2 , 2 3 . 4 5 ) ( 0 . 5 3 2 , 3 4 . 6 3 )
(26.138, 146.11) ( 1 4 . 1 7 6 , 1 2 4 . 4 8 ) ( 1 3 . 8 1 2 , 1 2 3 . 3 7 ) ( 1 2 . 1 0 3 , 1 2 2 . 2 8 ) ( 1 0 . 9 1 6 , 1 2 1 . 2 4 ) ( 4 . 9 3 9 , 1 1 0 . 2 2 )