The conversation between human and AI assistant.
What is the most accurate way to estimate the 60th percentile if I know the 75th percentile and the median? No access to underlying data.
That sounds interesting. Is there any other method to estimate percentiles if we don't have access to the underlying data?
Yes, another method is the Pareto interpolation method. In this method, we assume that the distribution of the data between the known percentiles follows a Pareto distribution. Using this assumption, we can estimate the value of the 60th percentile based on the known percentiles and a scaling parameter of the Pareto distribution.