Bayesian Analysis of Record Statistic from the Inverse Weibull Distribution under Balanced Loss Function

Table 1

MSEs of the estimates of λ under unbalanced loss functions at .

3	4.74099	0.67399	1.23171	0.40932	0.27093	0.28015	0.35097	0.38773
4	1.79242	0.54569	0.89238	0.38813	0.26938	0.23260	0.28800	0.31639
5	1.12725	0.49252	0.74656	0.33540	0.24535	0.19347	0.23869	0.26409
6	0.79418	0.42079	0.60421	0.29610	0.23787	0.16385	0.20625	0.22221
7	0.52376	0.33702	0.46391	0.25716	0.19196	0.13900	0.17125	0.18800