I am trying to apply truncated Pareto distribution to a dataset, but I am not able to find a close form MLE for the shape parameter alpha. Could anyone help me with this: how to estimate the shape parameter for the truncated Pareto distribution.
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Perhaps see Aban et al. (2006) – BruceET Apr 02 '20 at 23:55
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Just to remove any chance of ambiguity, I presume you mean right-truncated? – Glen_b Apr 03 '20 at 01:15
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yes, right-truncated. – Aragorn Apr 03 '20 at 08:24
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@BruceET the mentioned paper helps a lot. I saw that earlier, but it took some time for me to understand that a nice-looking solution for shape parameter alpha does not exist for truncated Pareto. I used Matlab to get a numerical solution. Thanks! – Aragorn Apr 03 '20 at 15:22