Pareto Distribution

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Parameters

- shape parameter ()
- scale parameter ()

Domain

Probability Density Function (PDF)

Pareto Distribution Fitting

EasyFit allows to automatically or manually fit the Pareto distribution and 40 additional distributions to your data, compare the results, and select the best fitting model using the goodness of fit tests and interactive graphs.

Pareto Distribution Graphs and Properties

EasyFit displays all graphs and properties of the Pareto distribution, presenting the results in an easy to read & understand manner. EasyFit calculates statistical moments (mean, variance etc.), quantiles, tail probabilities depending on the distribution parameters you specify.

Random Numbers from the Pareto Distribution

You can easily generate random numbers from the Pareto distribution in a variety of ways:

• directly from EasyFit
• in Excel sheets using the worksheet functions provided by EasyFitXL
• in your VBA applications using the EasyFitXL library

Excel Worksheet and VBA Functions

EasyFitXL enables you to use the following functions in your Excel sheets and VBA applications: