Parameter Estimation in the Pareto Type-II Distribution Family (MMSE)
Finds the MMS estimator of the Pareto Type-II distribution parameters using the Bayesian method (and the R code) developed by Zhang and Stevens (2009).
pareto2_estimate_mmse(x)
x |
a non-negative numeric vector |
Returns a numeric vector with the following named components:
k - estimated parameter of shape,
s - estimated parameter of scale.
Zhang J., Stevens M.A., A New and Efficient Estimation Method for the Generalized Pareto Distribution, Technometrics 51(3), 2009, pp. 316-325.
Other Pareto2: pareto2_estimate_mle,
pareto2_test_ad,
pareto2_test_f, rpareto2
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