Volume : V, Issue : XI, November - 2016

A Sequential Approach for the Point Estimation of a Pareto Shape Parameter

Sandeep Charak, Rahul Gupta

Abstract :

 The Pareto distribution and its generalization is an important probability distribution and plays an important role in many areas of Economics and Econometrics. Study of its scale and the shape parameters has always been a challenge for researchers. In this paper we consider the problem of minimum risk point estimation of shape parameter of pareto distribution. We prove the failure of the fixed sample size procedures to handle the estimation problem. Purely sequential procedure is developed to tackle the situation and the second–order approximations are obtained for the proposed sequential procedure.

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Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

Sandeep Charak, Rahul Gupta, A Sequential Approach for the Point Estimation of a Pareto Shape Parameter, International Journal of Scientific Research, Volume : 5 | Issue : 11 | November 2016

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