This study evaluated PMM (Probability Matching Method) for parameter estimation of the Z - R relation. As a first step, the sensitivity analysis was done to decide the threshold number of data pairs and the data interval for the development of a histogram. As a result, it was found that at least 1,000 number of data pairs are required to apply the PMM for the parameter estimation. This amount of data is similar to that collected for two hours. Also, the number of intervals for the histogram was found to be at least 100. Additionally, it was found that the matching the first-order moment is better than the cumulative probability, and that the data pairs comprising 30 to 100% are better for the PMM application. Finally, above findings were applied to a real rainfall event observed by the Bislsan radar and optimal parameters were estimated. The radar rain rate derived by applying these parameters was found to be well matched to the rain gauge rain rate.