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Assume that I have fitted a Pareto distribution via Scipy and have gotten the following parameters:

b = 1.543405484618  
loc = -1.292595471985
scale = 1.292605471984

How can I adjust these parameters to create a simulation in Mathematica?

NOTES:

  1. b stands for the shape parameter
  2. I tried these parameters in a ParetoPickandsDistribution expression to see if the mean from Scipy would match Mathematica's, but it did not.
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    $\begingroup$ You should give the value of the mean from Scipy otherwise you limit the number of folks who can help you. Is the mean from Scipy 1.08612? If so, then the Mathematica equivalent is ParetoDistribution[scale,b,loc]. $\endgroup$
    – JimB
    Commented Jan 21, 2021 at 0:51
  • $\begingroup$ Did you check the SciPy documentation to see what definition they're using for the Pareto distribution? $\endgroup$
    – J. M.'s missing motivation ♦
    Commented Jan 21, 2021 at 2:56
  • $\begingroup$ Related: stats.stackexchange.com/questions/449405/…. $\endgroup$
    – JimB
    Commented Mar 28, 2021 at 1:41

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