alpha_geometric_percentile {ptsuite} | R Documentation |
This function uses the Geometric Method of Percentiles to estimate the
shape
parameter of a given set of data. (Bhatti et al. 2018)
alpha_geometric_percentile(dat)
dat |
vector of observations |
A list of the following form:
Estimate of the shape parameter of the data
Estimate of the scale parameter of the data (which is taken to be the minimum of the data)
Bhatti SH, Hussain S, Ahmad T, Aslam M, Aftab M, Raza MA (2018). "Efficient estimation of Pareto model: Some modified percentile estimators." PLoS ONE, 13(5), 1-15.
x <- generate_pareto(10000, 5, 2) alpha_geometric_percentile(x)