agop (version 0.2-2)

pareto2_estimate_mmse: Parameter Estimation in the Pareto Type-II Distribution Family (MMSE)

Description

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).

Usage

pareto2_estimate_mmse(x)

Arguments

x

a non-negative numeric vector

Value

Returns a numeric vector with the following named components:

• k - estimated parameter of shape,

• s - estimated parameter of scale.

References

Zhang J., Stevens M.A., A New and Efficient Estimation Method for the Generalized Pareto Distribution, Technometrics 51(3), 2009, pp. 316-325.

See Also

Other Pareto2: pareto2_estimate_mle, pareto2_test_ad, pareto2_test_f, rpareto2