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Bayesian Inference Of The Weibull-Pareto Distribution, James Dow
Bayesian Inference Of The Weibull-Pareto Distribution, James Dow
Electronic Theses and Dissertations
The Weibull distribution has many applications in various topics. Some of these topics include survival analysis, reliability engineering, general insurance, electrical engineering, and industrial engineering. The Weibull distribution was further extended by the Weibull-Pareto distribution. A desirable property this distribution has is its shape can skew being able to better model left or right skewed data. Examples of skewed data include human longevity and actuarial data. In this work a hierarchical Bayesian model was developed using the Weibull-Pareto distribution.