Problem

Consider a four-parameter Pearson type VI distribution with shape parameters α1 and α2, sc...

Consider a four-parameter Pearson type VI distribution with shape parameters α1 and α2, scale parameter β, and location parameter γ. If α1 = 1, γ = β = c > 0, then the resulting density is

which is the density function of a Pareto distribution with parameters c and α2, denoted Pareto(c, α2). Show that X ~ Pareto(c, α2) if and only if Y = ln X ~ expo(ln c, 1/α2), an exponential distribution with location parameter ln c and scale parameter 1/α2.

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Solutions For Problems in Chapter 6