Generalized exponential distribution: A Bayesian approach using MCMC methods
Generalized exponential distribution: A Bayesian approach using MCMC methods
Assuming different non-informative prior distributions for the parameters of the model, we introduce a Bayesian analysis using Markov Chain Monte Carlo (MCMC) methods. Some numerical illustrations considering simulated and real lifetime data are presented to illustrate the proposed methodology, especially the effects of different priors on the posterior summaries of interest.