SCSE is used to calculate y values at given x values using the Sarabia-Castillo-Slottje equation. The equation describes the y coordinates of the Lorenz curve.
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SCSE(P, x)
Arguments
P: the parameters of the Sarabia-Castillo-Slottje equation.
x: the given x values ranging between 0 and 1.
Details
y=xγ[1−(1−x)α]β.
Here, x and y represent the independent and dependent variables, respectively; and γ, α and β are constants to be estimated, where γ≥0, 0<α≤1, and β≥1. There are three elements in P, representing the values of γ, α and β, respectively.
Returns
The y values predicted by the Sarabia-Castillo-Slottje equation.
Note
The numerical range of x should range between 0 and 1.
References
Sarabia, J.-M., Castillo, E., Slottje, D.J. (1999) An ordered family of Lorenz curves. Journal of Econometrics. 91, 43−60. tools:::Rd_expr_doi("10.1016/S0304-4076(98)00048-7")
Sitthiyot, T., Holasut, K. (2023) A universal model for the Lorenz curve with novel applications for datasets containing zeros and/or exhibiting extreme inequality. Scientific Reports