Two different shrinkage estimator classes for the shape parameter of classical Pareto distribution

Authors : Meral EBEGİL, Senay OZDEMİR

Pages : 1231-1244

View : 37 | Download : 5

Publication Date : 2016-08-01

Article Type : Research Paper

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