The Pareto distribution, named after the Italian economist Vilfredo Pareto, is a power law probability distribution that coincides with social, scientific, geophysical, actuarial, and many other types of observable phenomena. Outside the field of economics it is sometimes referred to as the Bradford distribution. from October 2012">citation needed]
Read more about Pareto Distribution: Definition, Generalized Pareto Distributions, Applications, Lorenz Curve and Gini Coefficient, Parameter Estimation, Graphical Representation, Random Sample Generation
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