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Annals of Data Science
Published in:

24-03-2022

A Generalization of New Pareto-Type Distribution

Authors: Kadir Karakaya, Yunus Akdoğan, A. Saadati Nik, Coşkun Kuş, Akbar Asgharzadeh

Published in: Annals of Data Science | Issue 1/2024

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Abstract

In this paper, we propose a new generalization of Pareto distribution with a truncation parameter. Motivation is provided to generate the distribution. The shape of density and hazard functions are studied in mathematical detail. The raw moments are derived and stochastic ordering is also discussed. The parameter estimation is discussed through several estimators. A simulation study is conducted to compare the estimators. Three examples are provided with real data sets used in the literature.
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Metadata
Title
A Generalization of New Pareto-Type Distribution
Authors
Kadir Karakaya
Yunus Akdoğan
A. Saadati Nik
Coşkun Kuş
Akbar Asgharzadeh
Publication date
24-03-2022
Publisher
Springer Berlin Heidelberg
Published in
Annals of Data Science / Issue 1/2024
Print ISSN: 2198-5804
Electronic ISSN: 2198-5812
DOI
https://doi.org/10.1007/s40745-022-00376-x

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