Various estimation methods for the shape parameter of Pareto distributed data. This package contains functions for various estimation methods such as maximum likelihood (Newman, 2005)<doi:10.1016/j.cities.2012.03.001>, Hill's estimator (Hill, 1975)<doi:10.1214/aos/1176343247>, least squares (Zaher et al., 2014)<doi:10.9734/BJMCS/2014/10890>, method of moments (Rytgaard, 1990)<doi:10.2143/AST.20.2.2005443>, percentiles (Bhatti et al., 2018)<doi:10.1371/journal.pone.0196456>, and weighted least squares (Nair et al., 2019) to estimate the shape parameter of Pareto distributed data. It also provides both a heuristic method (Hubert et al., 2013)<doi:10.1016/j.csda.2012.07.011> and a goodness of fit test (Gulati and Shapiro, 2008)<doi:10.1007/978-0-8176-4619-6> for testing for Pareto data as well as a method for generating Pareto distributed data.
| Label | Latest Version |
|---|---|
| main | 1.0.0 |
