Description Usage Arguments Value References Examples
This function uses the Weighted Least Squares Method (WLS) to estimate the
shape
parameter of a given set of data. (Nair et al. 2019)
1 | alpha_wls(dat)
|
dat |
vector of observations |
A list of the following form:
Estimate of the shape parameter of the data
Estimate of the scale parameter of the data (which is taken to be the minimum of the data)
Nair J, Wierman A, Zwart B (2019). "The Fundamentals Of Heavy Tails: Properties, Emergence, And Identification." http://users.cms.caltech.edu/ adamw/heavytails.html.
1 2 | x <- generate_pareto(10000, 5, 2)
alpha_percentile(x)
|
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