E-Bayesian Estimation of Probability of Success p under Symmetric Entropy Loss Function
Min Lai · College Mathematics · 2013
The authors studied the Bayesian and E-Bayesian estimation of probability of success p under symmetric entropy loss function and proved the existence and uniqueness of the Bayesian estimation.The simulation results showed that the E-Bayesian estimator outperformed than the maximum likelihood estimator and Bayesian estimator.The E-Bayesian method was applied to the forecast of the stock investment and the results of forecasting were precise.