Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7377674 | Physica A: Statistical Mechanics and its Applications | 2016 | 10 Pages |
Abstract
A new Pareto-type distribution is introduced and studied. This new model is a generalization of the well-known Pareto distribution. We derive some of its probabilistic and inferential properties. We deduce the mathematical form of the Lorenz curve and the Gini index associated with the new model. The maximum likelihood estimators are derived and their performance are evaluated through a Monte Carlo simulation study. Finally, we illustrate the flexibility of the new distribution by means of three applications to real data sets.
Keywords
Related Topics
Physical Sciences and Engineering
Mathematics
Mathematical Physics
Authors
Marcelo Bourguignon, Helton Saulo, Rodrigo Nobre Fernandez,