Number generator from a power law distribution, given a mean, alpha and x range

Hi all,

I need to generate 300 numbers from a power law distribution with alpha 2.3 and mean 47, with lower bound 10, for a monte carlo simulation. I'd really appreciate any insights about how to do it.

Answer 1

[Samatha Aleti]

Hi,

You can generate random numbers from power law distribution using the RANDRAW function which is in MATLAB File Exchange. Use ‘pareto’ (means power-law distribution) as distribution name. Here is the link to download and use the 'RANDRAW' Function

https://www.mathworks.com/matlabcentral/fileexchange/7309-randraw