Journal article
A new Pareto-type distribution with applications in reliability and income data
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 …
Authors
Bourguignon M; Saulo H; Fernandez RN
Journal
Physica A Statistical Mechanics and its Applications, Vol. 457, , pp. 166–175
Publisher
Elsevier
Publication Date
September 2016
DOI
10.1016/j.physa.2016.03.043
ISSN
0378-4371