LossSimulator: Function For Simulating Losses From An ELT

Description Usage Arguments Examples

Description

This function allows you to simulate losses from an event loss tables (ELTs).

Usage

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LossSimulator(expected_loss = NULL, beta_0 = NULL, beta_1 = NULL,
  mixing_distribution = "normal", no_of_years = 10000, thresholds = NULL)

Arguments

beta_0

The vector of beta_0 parameters for the dynamic rates

beta_1

The vector of beta_1 parameters for the dynamic rates

mixing_distribution

The choice of mixing distribution. Takes values of "Lognormal" or "Bernoulli" or "Null"

no_of_years

The number of years to simulate

thresholds

Thresholds for the dispersion to be calculated for

elt

The data frame or array containing the elt. The first column should contain the annual rate and the second the expected loss.

Examples

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alasdairhunter/HazardLossModel documentation built on May 10, 2019, 8:50 a.m.