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: | , , |
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Format: | Article |
Language: | English |
Published: |
Penerbit Universiti Kebangsaan Malaysia
2024
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Online Access: | http://psasir.upm.edu.my/id/eprint/112192/1/112192.pdf |