Suppose that x has a pareto distributionPa(, y ), where is known but y is unknown,
Question:
Suppose that x has a pareto distributionPa(ξ, y ), where ξ is known but y is unknown, that is
Use Jeffreys' rule to find a suitable reference prior for y.
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Jeffreys prior is a noninformative or objective prior that can be used to make Bayesian inferences p...View the full answer
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