A review of goodness of fit tests for Pareto distributions

J. Chu, O. Dickin, S. Nadarajah

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    Pareto distributions are the most popular models in economics and finance. Hence, it is essential to have a wide spectrum of tools for checking their goodness of fit to a given data set. This paper provides the first review of known goodness of fit tests for Pareto distributions. Over twenty tests are reviewed. Their powers are compared by simulation.

    Original languageEnglish
    Pages (from-to)13-41
    Number of pages29
    JournalJournal of Computational and Applied Mathematics
    Early online date19 Apr 2019
    Publication statusPublished - 1 Dec 2019


    • Economics
    • Finance
    • Power
    • Simulation


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