Parameter estimation for the truncated Pareto distribution

Academic Article

Abstract

  • The Pareto distribution is a simple model for nonnegative data with a power law probability tail. In many practical applications, there is a natural upper bound that truncates the probability tail. This article derives estimators for the truncated Pareto distribution, investigates their properties, and illustrates a way to check for fit. These methods are illustrated with applications from finance, hydrology, and atmospheric science. © 2006 American Statistical Association.
  • Digital Object Identifier (doi)

    Author List

  • Aban IB; Meerschaert MM; Panorska AK
  • Start Page

  • 270
  • End Page

  • 277
  • Volume

  • 101
  • Issue

  • 473