approximation of random sums of random variables in insurance

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ID: 128360
2014
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Ranked #70 of 71 articles by views in electrochemistry communications

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Abstract
The paper deals with approximations of random sums. By random sum we mean a sum of random number of independent and identically distributed random variables. Distribution of this sum is called a compound distribution. The model is especially important in non-life insurance. There are many methods for approximating compound distributions, one of the most popular one is approximation with shifted gamma distribution. In this work we show an alternative way – using kernel density, Fast Fourier Transform and numerical optimization methods – for finding shifted gamma approximations and show results suggesting its superiority over classical method.
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wla2014advancesapproximation Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors ;Paweł Wlaź
Journal electrochemistry communications
Year 2014
DOI
10.12913/22998624.1120328
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Keywords Keywords not found

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