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Approximations to distributions, functions, or other mathematical objects. To approximate something means to find some representation of it which is simpler in some respect, but not exact.
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An approximate confidence interval for the $\alpha$ parameter of a Pareto Type II distributi...
The Pareto Type II distribution, also known as the Lomax distribution, has the following density,
$$f(x|\alpha,\lambda)=\frac{\alpha\lambda^{\alpha}}{(\lambda+x)^{\alpha+1}}, \qquad x>0,\ \alpha>1,\ \ …