You have a data series and suspect that it's fat-tailed. You have 42 observations and want estimatethe parameter of the following model: P(X > x) = Cx-ª. You use maximum likelihood estimationan get an estimate for a corresponding to 2.04. Test the hypothesisHo: a < 2.00H1: a > 2.00.versusWhat do you conclude and what are the implications?

Given: The estimate for α = 2.04

Answered: You have a data series and suspect that…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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