pareto_density function

Pareto density

A simple function is given here which returns the density function values for a Pareto RV. A more efficient implementation is obtainable in the function "dpareto" from the "VGAM" package.

pareto_density(x, scale, shape)

Arguments

• x: the x value
• scale: the scale parameter of Pareto RV
• shape: the shape parameter of Pareto RV

Author(s)

Prabhanjan N. Tattar

See Also

VGAM::dpareto

Examples

m <- 9184
n <- 103
b <- 10000
K <- 10
theta <- seq(1000,20000,500)
plot(theta,as.numeric(sapply(theta,pareto_density,scale=b,shape=K)),"l",
     xlab=expression(theta),ylab="The Posterior Density")
(n+1)*m/n