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

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:	Mohd Safari, Muhammad Aslam, Masseran, Nurulkamal, Haron, Mohd Azmi
Format:	Article
Language:	English
Published:	Penerbit Universiti Kebangsaan Malaysia 2024
Online Access:	http://psasir.upm.edu.my/id/eprint/112192/1/112192.pdf

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