You believe X is distributed Pareto(,1) You want to estimate (a) Use the Pareto model to calculate P X x (b) You are given the EDF estimate Fn(5) 0 9 from a sample of size n 100 (That is, Fn(x) 0 9 for x 5 ) Calculate a standard error for this estimate (c) Use the above information to forman estima...

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You believe X is distributed Pareto(,1). You want to estimate . (a) Use the Pareto model to

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You believe X is distributed Pareto(®,1). You want to estimate ®.

(a) Use the Pareto model to calculate P[X · x].

(b) You are given the EDF estimate Fn(5) Æ 0.9 from a sample of size n Æ 100. (That is, Fn(x) Æ 0.9 for x Æ 5.) Calculate a standard error for this estimate.

(c) Use the above information to forman estimator for ®. Find b®

and a standard error for b®.

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Probability And Statistics For Economists

ISBN: 9780691235943

1st Edition

Authors: Bruce Hansen

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Question Posted: Sep 23, 2024 07:01 AM

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You believe X is distributed Pareto(,1). You want to estimate . (a) Use the Pareto model to

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Probability And Statistics For Economists

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