I'm considering the problem of fitting some given data,
$(x_1,y_1), (x_2, y_2), \dots (x_m,y_m)$,
with a log-concave function,
$y = (\alpha x)^\beta$.
Parameters that I want to estimate are $\alpha$ and $\beta$. I tried least-squares method on the log of data:
$min. \|\log(y) - \beta(\log(\alpha) + \log(x))\|_2^2$,
but this doesn't seem to be a convex problem.
Any suggestions?