ptsuite (version 1.0.0)

generate_all_estimates: Obtain estimates for Parameters of Pareto Data from all methods

Description

This function combines the results of all the methods (included in this package) provided to estimate the shape and scale parameters of the Pareto data and provides the results in a data frame. Hill's Estimator is not used in this comparison as it discards a set of observations. We also note here that when considering the entire data set, Hill's Estimate is equivalent to the MLE.

Usage

generate_all_estimates(dat)

Arguments

dat

vector of observations

Value

Dataframe with the following columns:

Method.of.Estimation

Name of the method used for estimation

Shape.Parameter

Estimates of the shape parameter of the data

Scale.Parameter

Estimates of the scale parameter of the data

Examples

# NOT RUN {
x <- generate_pareto(10000, 5, 2)
generate_all_estimates(x)

# }