A comparison of double informative priors assumed for the parameter of exponential life time model is considered. Three different sets of double priors are included, and the results are compared with a forth single prior. The data is Type II censored and Bayes estimators for the parameter and reliability are carried out under a squared error loss function in the cases of the four different sets of prior distributions. The predictive distribution was derived for future failure time and also for the remaining ordered failure times after the first r failure times have been observed. Corresponding Bayes credible equal tail intervals are also derived. Simulations and real data are employed to exemplify the method.
Patel, R. M. & Patel, A. C. (2017). The double prior selection for the parameter of exponential life time model under Type II censoring. Journal of Modern Applied Statistical Methods, 16(1), 406-427. doi: 10.22237/jmasm/1493598180