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Weighted Pareto Distribution: Statistical Properties and Estimation

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Author Affiliations

  • 1Department of Statistics; University of Jammu, Jammu, India
  • 2Department of Statistics; University of Jammu, Jammu, India

Res. J. Mathematical & Statistical Sci., Volume 11, Issue (2), Pages 1-5, September,12 (2023)

Abstract

In this paper, we have introduced a new class of Pareto distribution i.e. weighted Pareto distribution. Some structural properties of the distribution including behavior of probability density function, cumulative distribution function, reliability, hazard function, moments, entropy and order statistics are studied and derived. Also, by using different methods of estimation we obtain estimate of parameter of distribution.

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