Find a formula for the method of moments estimate for the parameter in the Pareto pdf,
Question:
Find a formula for the method of moments estimate for the parameter θ in the Pareto pdf,
fY(y; θ) = θkθ (1/y)θ+1, y ≥ k; θ ≥ 1
Assume that k is known and that the data consist of a random sample of size n. Compare your answer to the maximum likelihood estimator found in Question 5.2.13.
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Related Book For
Introduction To Mathematical Statistics And Its Applications
ISBN: 9780321693945
5th Edition
Authors: Richard J. Larsen, Morris L. Marx
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