A Cluster Truncated Pareto Distribution and Its Applications

Table 4

Five estimation methods for fishing example.

Method	𝛼	𝜇	Median	5% VaR	1% VaR
Pareto(Hill)	16.3582	45.6433	44.8612	51.6419	56.9812
TPD(Aban)	15.6493	45.7437	44.9108	51.3511	54.7664
TPD(moment)	15.7782	45.7250	44.8961	51.2993	54.7273
Kernel	—	45.7484	45.4767	49.3010	54.5943
Cluster	𝛼1 = 2.7781	43.4179	45.2801	50.3432	54.0029
	𝛼2 = 162.6216
	𝛼3 = 64.5429
	𝛼4 = 17.0537