ParetoCappedMean | R Documentation |
Pareto capped mean
ParetoCappedMean(cap, scale, shape)
cap |
A positive real number - the claim severity cap. |
scale |
A positive real number - the scale parameter of the Claim Severity's Pareto distribution. |
shape |
A positive real number - the shape parameter of the Claim Severity's Pareto distribution. |
The mean of the claim severity capped at cap
with a Pareto distribution with parameters scale
and shape
.
ParetoCappedMean(600,200,1.2)
ParetoCappedMean(800,100,1)
ParetoCappedMean(1000,500,0.8)
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