Estimation of Parameters of the Pareto Distribution Using a Minimization Technique
Rohan J. Dalpatadu, Ashok K. Singh

Abstract
Estimation of Parameters of the two-parameter Pareto distribution is considered in this paper. It is known that if a random variable has a Pareto distribution with parameters α and λ , then Y=ln (1+X /λ) is exponentially distributed with mean 1/ λ This property is used to develop a method of estimation based on minimization of a distance function such as the Kolmogorov-Smirnov distance using the golden section search procedure. Simulation examples are provided.

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