An alternative to the lognormal distribution for modeling highly skewed populations is the Pareto distribution with parameters θ and r.

OlmekinjP

OlmekinjP

Answered question

2021-08-06

An alternative to the lognormal distribution for modeling highly skewed populations is the Pareto distribution with parameters θ and r. The probability density function is

Answer & Explanation

i1ziZ

i1ziZ

Skilled2021-08-07Added 92 answers

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