Question: Let Y 1 , Y 2 , . . . , Y n be a random sample from a Pareto pdf, f Y (y; )

Let Y1, Y2, . . . , Yn be a random sample from a Pareto pdf,

fY(y; θ) = θ/(1 + y)θ+1, 0 ≤ y ≤ ∞; 0 < θ < ∞

Write fY(y; θ) in exponential form and deduce a sufficient statistic for θ

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