exp_loss: Expected value of loss amount per business day.

In filipezabala/jurimetrics: General-purpose Tools for Jurimetrics

Expected value of loss amount per business day.

Description

Expected value of loss amount per business day.

Usage

exp_loss(average.consult, prob.hire, average.ticket, language = "en")

Arguments

average.consult	Average number of mensal credit bureau consultations.
prob.hire	(Historical) probability of hiring. Can be considered as the number of converted customers divided by the number of credit bureau consultations in a period of time.
average.ticket	The average ticket of regular customers.

Value

$expected.value Expected value of loss amount per business day of negative credit bureau attribution.

$text An automatic text that details the $expected.value.

References

Feller, W. (1957) An Introduction to Probability Theory and its Applications.

Examples

library(jurimetrics)
exp_loss(1000, 0.1, 3450)

filipezabala/jurimetrics documentation built on Aug. 27, 2024, 7:07 a.m.