On Fitting of Generalized Pareto Distribution

On Fitting of Generalized Pareto Distribution

Article ID

8HG7N

On Fitting of Generalized Pareto Distribution

Dr. T .A. Raja

A.H. Mir

DOI

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Abstract

The Pareto distribution is to model the income data set of a society. The distribution is appropriate to the situations in which an equilibrium exists in distribution of small to large. There exists many generalization approaches to the distribution. In this paper an effort has been made to compare the applicability of generalized Pareto distribution with Picklands (1975) by using a real life income data set. The model has provided considerable a good fit to the data set. Some well known distributions has been derived as a special case of this model for suitable choice of parameters.

On Fitting of Generalized Pareto Distribution

Authors

Dr. T .A. Raja

A.H. Mir

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How to Cite

Dr. T .A. Raja. 2013. “. Global Journal of Human-Social Science – E: Economics GJHSS-E Volume 13 (GJHSS Volume 13 Issue E2): .

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Journal Specifications

Crossref Journal DOI 10.17406/GJHSS

Print ISSN 0975-587X

e-ISSN 2249-460X

GJHSS Volume 13 Issue E2
Pg. 9- 12

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Submission Received December 11, 2012
Accepted January 3, 2013
Published January 15, 2013

Keywords

a new generalized Pareto distribution Goodness of fit Income data set pareto distribution picklands (1975) generalized pareto distribution

Article Matrices

Total Score: 107

Country: India

Subject: Global Journal of Human-Social Science - E: Economics

Authors: Dr. T .A. Raja, A.H. Mir (PhD/Dr. count: 1)

View Count (all-time): 103

Total Views (Real + Logic): 4823

Total Downloads (simulated): 2381

Publish Date: 2013 04, Mon

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Total Views: 4823

Total Downloads: 2381

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