- Hacettepe Journal of Mathematics and Statistics
- Vol: 45 Issue: 4
- Two different shrinkage estimator classes for the shape parameter of classical Pareto distribution
Two different shrinkage estimator classes for the shape parameter of classical Pareto distribution
Authors : Meral Ebegil, Senay Ozdemir
Pages : 1231-1244
View : 53 | Download : 7
Publication Date : 2016-08-01
Article Type : Research
Abstract :In this study, biased estimators for the shape parameter of a classical Pareto distribution are proposed using two dierent shrinkage tech- niques which give a smaller mean square error than an unbiased esti- mator. Then these obtained biased estimators are compared with the unbiased estimator by the means of their mean square error.Keywords : Mean Square Error, Pareto Distribution, Shape Parameter, Shrink- age Estimation