SlicedGammaParetoMean: Sliced Gamma Pareto mean

In NetSimR: Actuarial Functions for Non-Life Insurance Modelling

Sliced Gamma Pareto mean

Description

Sliced Gamma Pareto mean

Usage

SlicedGammaParetoMean(GShape, GRate, SlicePoint, PShape)

Arguments

GShape	A positive real number - the shape parameter of the attritional Claim Severity's Gamma distribution.
GRate	A positive real number - the rate parameter of the attritional Claim Severity's Gamma distribution.
SlicePoint	A positive real number - the slice point and the scale parameter of the tail Claim Severity's Pareto distribution.
PShape	A positive real number - the Shape parameter of the tail Claim Severity's Pareto distribution.

Value

The mean of the claim severity with an attritional claim Gamma distribution with parameters GShape and GRate and a large claim Pareto distribution with parameters SlicePoint and PShape.

Examples

SlicedGammaParetoMean(1,0.0005,1000,1.2)
SlicedGammaParetoMean(1.1,0.0006,2000,1.6)
SlicedGammaParetoMean(1.2,0.0004,3000,1.4)

NetSimR documentation built on Oct. 25, 2023, 1:08 a.m.