A Note on Pareto-Type Distributions Parameterized by Its Mean and Precision Parameters
Pareto-type distributions are well-known distributions used to fit heavy-tailed data. However, the standard parameterizations used for Pareto-type distributions are poorly suited to modeling. On this note, we suggest new parameterizations that are better suited to the purpose. In addition, we propos...
Main Authors: | Marcelo Bourguignon, Diego I. Gallardo, Héctor J. Gómez |
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Format: | Article |
Language: | English |
Published: |
MDPI AG
2022-02-01
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Series: | Mathematics |
Subjects: | |
Online Access: | https://www.mdpi.com/2227-7390/10/3/528 |
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