Estimation of parameter for the Pareto distribution based on right censoring

Abstract

In this paper, we found the estimation of the unknown parameter $delta$ when $vartheta$  is a known parameter in the Pareto distribution. First, we get the maximum probability estimators(MLEs) for unknown parameters. We have obtained the Bayes Estimators of unknown parameter $delta$  using Lindley's approximation. A Monte Carlo simulation is performed and used a programming language R to compare the performance of the method used, and the data set was analyzed for illustration purposes.