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feat: Add Pareto Distribution #2878

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@LidiaDomingos LidiaDomingos commented Oct 23, 2024

Description of Change

This feature proposes implementing the Pareto distribution to generate random numbers or model data in circumstances where the 80/20 rule applies (https://en.wikipedia.org/wiki/Pareto_distribution). When modeling phenomena with a heavy tail, including wealth distribution, natural phenomena, or other skewed distributions where a few number of occurrences account for the majority of the effect, the distribution is especially helpful. The feature should offer capabilities for sampling from the distribution and let users set the shape parameter (α) and scale (xm) parameter.

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Notes: I think the Pareto distribution is important because it is used in various disciplines, including economics, finance, and environmental research. In my instance, I used for modeling data where a small subset of the population has a significant impact, such as income distribution or asset allocation.

@LidiaDomingos
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fixed compile checks

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This pull request has been automatically marked as abandoned because it has not had recent activity. It will be closed if no further activity occurs. Thank you for your contributions.

@github-actions github-actions bot added the stale Author has not responded to the comments for over 2 weeks label Nov 28, 2024
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