PPP_Model {Pareto}

PPP_Model (Collective Panjer & Piecewise Pareto Model) Object

Description

Constructor function for the PPP_Model object

Usage

PPP_Model(
  FQ = NULL,
  t = NULL,
  alpha = NULL,
  truncation = NULL,
  truncation_type = "lp",
  dispersion = 1,
  Status = 0,
  Comment = "OK"
)

Arguments

FQ

Numerical. Expected claim count of the collective model.

t

Numeric vector. Vector containing the thresholds of the Piecewise Pareto distribution.

alpha

Numeric vector. Vector containing the alphas of the Piecewise Pareto distribution.

truncation

Numerical. If truncation is not NULL and truncation > max(t), then the distribution is truncated at truncation.

truncation_type

Character. If truncation_type = "wd" then the whole distribution is truncated. If truncation_type = "lp" then a truncated Pareto is used for the last piece.

dispersion

Numerical. Dispersion of the Panjer distribution (i.e. variance to mean ratio).

Status

Numerical indicator if a function returns a PPP_Model object: 0 = success, 1 = some information has been ignored, 2 = no solution found

Comment

Charakter. An optional comment.

Examples

PPPM <- PPP_Model(2, c(1000,2000), c(1,2), dispersion = 2)
PPPM