ParetoCappedMeanCalc: Pareto capped mean intermediary calculation
In NetSimR: Actuarial Functions for Non-Life Insurance Modelling
ParetoCappedMeanCalc R Documentation
Pareto capped mean intermediary calculation
Description
Pareto capped mean intermediary calculation
Usage
ParetoCappedMeanCalc(cap, scale, shape)
Arguments
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.
Value
An interim calculation for the mean of the claim severity capped at cap with a Pareto distribution with parameters scale and shape. It is the closed form for cap >= scale and shape != 1; use ParetoCappedMean for the capped mean itself.
Examples
ParetoCappedMeanCalc(800,100,1.1)
ParetoCappedMeanCalc(1000,500,0.9)
NetSimR documentation built on Sept. 14, 2026, 1:07 a.m.
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| ParetoCappedMeanCalc | R Documentation |
Pareto capped mean intermediary calculation
Description
Pareto capped mean intermediary calculation
Usage
ParetoCappedMeanCalc(cap, scale, shape)
Arguments
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. |
Value
An interim calculation for the mean of the claim severity capped at cap with a Pareto distribution with parameters scale and shape. It is the closed form for cap >= scale and shape != 1; use ParetoCappedMean for the capped mean itself.
Examples
ParetoCappedMeanCalc(800,100,1.1)
ParetoCappedMeanCalc(1000,500,0.9)
R Package Documentation
Browse R Packages
We want your feedback!
Note that we can't provide technical support on individual packages. You should contact the package authors for that.
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