(*) Generalise Equation 21.12 to the case where instead of a single parameter Pareto distribution above ...

Question:

(*) Generalise Equation 21.12 to the case where instead of a single parameter Pareto distribution above θ your distribution is made of a spliced Pareto distribution, i.e. a distribution with this cumulative distribution function:

 x θ’

Also, prove that this generalisation reduces back to Equation 21.11b when α α ′ = .

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: