Description Usage Arguments Details Value References See Also

Estimate the parameters *k* and *σ* of the generalized Pareto
distribution (assuming location parameter is 0), given a sample *x*. By
default the Pareto fit uses a prior for *k*, which will stabilize
estimates for very small sample sizes and low effective sample sizes in the
case of MCMC samples. The weakly informative prior is a Gaussian prior
centered at 0.5.

1 |

`x` |
A numeric vector. The sample from which to estimate the parameters. |

`wip` |
Logical indicating whether to adjust |

`min_grid_pts` |
The minimum number of grid points used in the fitting
algorithm. The actual number used is |

`sort_x` |
If |

Here the parameter *k* is the negative of *k* in Zhang &
Stephens (2009).

A named list with components `k`

and `sigma`

.

Zhang, J., and Stephens, M. A. (2009). A new and efficient estimation method
for the generalized Pareto distribution. *Technometrics* **51**,
316-325.

`psis`

, `pareto-k-diagnostic`

,
`loo-package`

loo documentation built on April 11, 2018, 5:04 p.m.

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