What do the parameters represent?
The parameters describe the shape and position of the Triple Power Law distribution. There are six of them–five for the shape and one for the position–although one of the shape parameters is simply derived from the other four. There are three distinct regions of the distribution: low, middle, and high (which are established by the process of fitting the distribution rather than an a priori notion on our part of which properties are supposed to fall into which regions). In the figure below, the x-axis is the natural logarithm of the price per square foot, and the y-axis is the natural logarithm of the frequency.
