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I may be accused of nitpicking here but the Pareto Principle is, although related, distinct from the Pareto family of distributions. I don't intend to derail t
by haZard_OS 8y ago
I may be accused of nitpicking here but the Pareto Principle is, although related, distinct from the Pareto family of distributions.
I don't intend to derail the conversation so, rather than typing out an explanation of obscene length, I will refer all interested parties to the following:
Pareto Principle
https://betterexplained.com/articles/understanding-the-pareto-principle-the-8020-rule/ https://betterexplained.com/articles/understanding-the-paret...
Basics of Pareto Distributions
https://actuarialmodelingtopics.wordpress.com/2017/05/21/pareto-distribution/ https://actuarialmodelingtopics.wordpress.com/2017/05/21/par...
https://subversion.american.edu/aisaac/notes/pareto-distribution.pdf https://subversion.american.edu/aisaac/notes/pareto-distribu...
Example of some limitations in the application of Pareto Distributions
https://arxiv.org/pdf/physics/0504217.pdf https://arxiv.org/pdf/physics/0504217.pdf