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Efficient Estimation of the Parameters of the Pareto Distribution in the Presence of Outliers
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 Title & Authors
Efficient Estimation of the Parameters of the Pareto Distribution in the Presence of Outliers
Dixit, U.J.; Jabbari Nooghabi, M.;
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 Abstract
The moment(MM) and least squares(LS) estimations of the parameters are derived for the Pareto distribution in the presence of outliers. Further, we have derived a mixture method(MIX) of estimations with MM and LS that shows that the MIX is more efficient. In the final section we have given an example of actual data from a medical insurance company.
 Keywords
Pareto distribution;maximum likelihood estimator;moment estimator;least squares estimation;mixture method;outliers;insurance;
 Language
English
 Cited by
1.
A Pareto scale-inflated outlier model and its Bayesian analysis, Scandinavian Actuarial Journal, 2015, 2015, 3, 201  crossref(new windwow)
2.
On entropy of a Pareto distribution in the presence of outliers, Communications in Statistics - Theory and Methods, 2016, 45, 17, 5234  crossref(new windwow)
3.
Comments on two papers concerning estimation of the parameters of the Pareto distribution in the presence of outliers, Statistical Methodology, 2013, 13, 1  crossref(new windwow)
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