Mean Squared Error Representative Points of Pareto Distributions and Their Estimation

Pareto distributions are widely applied in various fields, such as economics, finance, and environmental studies. The modeling of real-world data has created a demand for the discretization of Pareto distributions. In this paper, we propose using mean squared error representative points (MSE-RPs) as...

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Bibliographic Details
Main Authors: Xinyang Li, Xiaoling Peng
Format: Article
Language:English
Published: MDPI AG 2025-02-01
Series:Entropy
Subjects:
Online Access:https://www.mdpi.com/1099-4300/27/3/249
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