A Bayesian Framework for Reliability Assessment via Wiener Process and MCMC

Table 3

Parameter estimation results under model 𝑀₃.

Parameter	Mean	Standard error	MC error	95% HPD interval
𝜂	0.002053	5.503𝐸−5	2.352𝐸−7	(1.95𝐸−3, 2.16𝐸−3)
𝜎𝜂	0.000391	2.40𝐸−6	2.56𝐸−8	(3.86𝐸−4, 3.96𝐸−4)
𝜎	0.011440	6.66𝐸−4	9.85𝐸−6	(1.02𝐸−2, 1.28𝐸−2)