A Bayesian Framework for Reliability Assessment via Wiener Process and MCMC

Table 2

Parameter estimation results under model 𝑀₁.

Parameter	Mean	Standard error	MC error	95% HPD interval
𝜇	0.002054	5.446𝐸−5	2.52𝐸−7	(0.00194, 0.00216)
𝜎	0.012870	5.933𝐸−4	1.78𝐸−6	(0.01177, 0.01409)