A new family of heavy tailed distributions with an application to the heavy tailed insurance loss data

Heavy tailed distributions play very significant role in the study of actuarial and financial risk management data but the probability distributions proposed to model such data are scanty. Actuaries often search for new and appropriate statistical models to address data related to financial risk pro...

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Veröffentlicht in:	Communications in statistics. Simulation and computation Jg. 51; H. 8; S. 4372 - 4395
Hauptverfasser:	Ahmad, Zubair, Mahmoudi, Eisa, Dey, Sanku
Format:	Journal Article
Sprache:	Englisch
Veröffentlicht:	Philadelphia Taylor & Francis 03.08.2022 Taylor & Francis Ltd
Schlagworte:	Actuarial measures Estimation Heavy tailed distributions Insurance Insurance losses Maximum likelihood estimators Monte Carlo simulation Risk management Statistical analysis Statistical models Weibull distribution
ISSN:	0361-0918, 1532-4141
Online-Zugang:	Volltext
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