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314843

Using Order Statistics Distribution Functions in Modeling Grouped Data for Pareto Distribution

Article

Last updated: 28 Dec 2024

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Abstract

The main purpose of this article is to use order statistics like distribution functions to model grouped data such as the grouped data for income. Initially, the one parameter Pareto distribution is fitted to the data. Then by using arbitrarily chosen pairs (n, r) of positive values as extra parameters (with n ≥ r) a class of models (a collection of distribution functions) is introduced from which a simple suitable mathematical model is chosen. Each of these models represents the distribution function like that of the rth order statistic in a random sample of size n. The parameter of the Pareto distribution is estimated by maximum likelihood method while a numerical search is carried out to provide a model that fits the data better. This process continues till the " best" values of n and r are obtained and the corresponding model is the best fit to the data. A numerical example, based on a hypothetical set of grouped data is given to show the advantage of the suggested technique in improving the data modeling.

DOI

10.21608/esju.1993.314843

Keywords

distribution functions, Grouped Data Modeling, Maximum likelihood estimation, Order Statistics, Pareto Distribution

Authors

First Name

Wafik

Last Name

Younan

MiddleName

Youssef

Affiliation

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Email

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City

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Orcid

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First Name

Maged

Last Name

Iskander

MiddleName

George

Affiliation

-

Email

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City

-

Orcid

-

Volume

37

Article Issue

2

Related Issue

43176

Issue Date

1993-12-01

Receive Date

2023-08-28

Publish Date

1993-12-01

Page Start

238

Page End

250

Print ISSN

0542-1748

Online ISSN

2786-0086

Link

https://esju.journals.ekb.eg/article_314843.html

Detail API

https://esju.journals.ekb.eg/service?article_code=314843

Order

6

Type

Original Article

Type Code

1,914

Publication Type

Journal

Publication Title

The Egyptian Statistical Journal

Publication Link

https://esju.journals.ekb.eg/

MainTitle

Using Order Statistics Distribution Functions in Modeling Grouped Data for Pareto Distribution

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Type

Article

Created At

28 Dec 2024