The Pareto distribution has many applications in economics and actuarial sciences. So far, a lot of properties of this distribution based on order data such as order statistics and records are studied. In this paper, a new version of notion of near-record observations is defined. Then, some results of characterization of Pareto distribution based on this new definition are obtained.
Akbari Lakeh M, safarzadeh Z. A Characterization of the Pareto Distribution Based on Near-Record Observations. JSS 2019; 12 (2) :341-350 URL: http://jss.irstat.ir/article-1-554-en.html