Heuristic shrinkage estimators of poission means and a monte carlo comparison

Abstract

We present heuristic shrinkage estiamtors of several Poisson means under the squared error loss and the normalized squared error loss separately and compare their performances with other existing estimators by Monte Carlo simulations.

Keywords:

• Shrinkage estimator
• Poisson means
• Prior
• Squared error loss;Normalized squared error loss
• Monte Carlo simulation