Statistics Modelling of Household’s Incomes in the Slovak Republic Cover Image

Štatistické modelovanie príjmov domácností v Slovenskej republike
Statistics Modelling of Household’s Incomes in the Slovak Republic

Author(s): Ľubica Sipková, Eva Sodomová, Viera Pacáková
Subject(s): Economy
Published by: Ekonomický ústav SAV a Prognostický ústav SAV
Keywords: the income of households; distribution models; Weibull distribution; Weibull-Pareto distribution; quantil functions

Summary/Abstract: This article contents the methods and the results of distribution modelling of ho-usehold’s income in the Slovak Republic based on sampling data of yearly real net income of 1 566 households in year 2002.Goodness of fit tests confirms the Weibull distribution with maximum likeli-hood estimation of parameters as the best-fit model, except the intervals of the lowest and the highest values of incomes. Two Weibull-Pareto quantile functions have been found as good fit models for the lowest and the highest incomes too

  • Issue Year: 53/2005
  • Issue No: 04
  • Page Range: 427-439
  • Page Count: 13
  • Language: Slovak