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Pareto.pdf(X)

Probability density function (PDF).

The PDF for the two-parameter Pareto distribution is:

\[f(x | \alpha, \beta) = \frac{\alpha \cdot \beta^\alpha}{x^{\alpha + 1}}\]

where \(\alpha\) is the shape parameter and \(\beta\) is the scale parameter. The function is zero for \(x < \beta\).