ptsuite: Fast Tail Index Estimation for Power Law Distributions in R

Power law distributions, in particular Pareto describe data across diverse areas of study. We have developed a package, ptsuite, R to estimate the tail index for such datasets which: a) uses variety estimation methods; b) focuses on speed (in with large datasets); c) is accurate and d) easy use. The package also able generate as well conduct both heuristic statistical tests check if Paretian. tested ptsuite against similar packages found that our indeed faster. estimates produced by are accurate. use all functions can be called one line code small number argument references. To date has been downloaded over 12,500 times from CRAN repository 4. Finally we remark authors used research applications - e.g. (Munasinghe et. al , 2019).