Large-sample quantile estimation in pareto laws |
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| Authors: | Ioannis A Koutrouvelis |
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| Institution: | Department of Mathematical Sciences , Virginia Commonwealth University , Richmond, Virginia, 23284 |
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| Abstract: | A large-sample method of estimation for the parameters of Pareto laws is investigatedo The estimates are derived by using a small subset of k sample quantiles out of the original observations. The optimum spacing of the k quantiles is also examined. A Monte Carlo study compares this method with the method of moments and that of maximum likelihood for a selected set of parameter values and sample sizes. |
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| Keywords: | order statistics optimum spacing Pareto distribution |
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