Examining tail index estimators in new pareto distribution: Monte Carlo simulations and income data applications

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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...

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Bibliographic Details
Main Authors:	Muhammad Aslam Mohd Safari, Nurulkamal Masseran, Mohd Azmi Haron
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

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