Examining tail index estimators in new pareto distribution: Monte Carlo simulations and income data applications
An evolved form of Pareto distribution, the new Pareto-type distribution, offers an alternative model for data with heavy-tailed characteristics. This investigation examines and discusses fourteen diverse estimators for the tail index of the new Pareto-type, including estimators such as maximum like...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Penerbit Universiti Kebangsaan Malaysia
2024
|
| Online Access: | http://journalarticle.ukm.my/23656/ http://journalarticle.ukm.my/23656/1/SDD%2018.pdf |