Comparison of different methods of parameters estimation for Pareto Model
Journal Title: Caspian Journal of Applied Sciences Research - Year 2013, Vol 2, Issue 1
Abstract
In this study, the scale and the shape parameters of the Pareto Distribution have been estimated using five different estimation techniques, namely Method of Moments, Maximum Likelihood Estimation, Fractional Moments, Probability Weighted Moments and Bayesian method. As a single choice of sample size and parameter point do not help to clarify performance of the methods, so different parameter points and different sample sizes are used. An extensive Monte Carlo simulation study has been conducted to investigate the performance of the estimators. The WinBUGS and R-Language are used to deal with numerical computations of estimates of parameters of Pareto distribution. The Bayesian method exhibits the minimum standard error with some exceptions.
Authors and Affiliations
Rizwan Munir, Muhammad Saleem, Sajid Ali
Keywords
Related Articles
- EP ID EP130400
- DOI -
- Views 112
- Downloads 0
Comparative Effect of Organic Fertilizers on Growth and Chemical Constituents of Plantago Ovata Plant
This study was conducted in Experimental Farm of National Research Centre , during two successive seasons to evaluate the influence of different kinds and levels of organic fertilization (compost, compost tea and humic a...
Effect of delignified Native Bamboo (Bambusa vulgaris) Cellulosic –g-poly (acrylonitrile) Hydrogel on the Growth Indices of Okra (Abelmoschus esculentus) seedlings
The increasing interest in using water-saving hydrogel for crop production has prompted the study of the growth and yield characteristics of Okra (Abelmoschus esculentus) seedlings under different rates of hydrogel treat...
Length-Weight relationships, Relative condition factor and Relative weight of three fish species from beach seine fishing grounds Iranian coastal waters of Caspian Sea
The aim of this study is to record the length-weight relationship, relative condition factor (Krel) and relative weight (Wr) for three fish species in Iranian coastal waters of the Caspian Sea. Fish sampling was carried...
An Innovative Metallic Shear Damper for Enhancing of Concentrically Braced Frame (CBF)
Passive energy dampers which use as lateral load system are economical and efficient system. Metallic-dampers which were performing in laboratory and past earthquake are so popular due to economical and easy constr...
Post-treatment of Palm Oil Mill Effluent from a Polishing Pond Using a Limestone Horizontal Roughing Filter
This study aims to evaluate the removal of chemical oxygen demand (COD), ammonia nitrogen (NH3-N), and turbidity by using three types of filter media with different size combinations with limestone media in a horiz...