SlicedGammaParetoMean {NetSimR}

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)