A Novel Model for Quantitative Risk Assessment under Claim-Size Data with Bimodal and Symmetric Data Modeling

A Novel Model for Quantitative Risk Assessment under Claim-Size Data with Bimodal and Symmetric Data Modeling

A novel flexible extension of the Chen distribution is defined and studied in this paper. Relevant statistical properties of the novel model are derived. For the actuarial risk analysis and evaluation, the maximum likelihood, weighted least squares, ordinary least squares, Cramer–von Mises, moments,...

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Bibliographic Details
Main Authors: Haitham M. Yousof, Walid Emam, Yusra Tashkandy, M. Masoom Ali, R. Minkah, Mohamed Ibrahim
Format: Article
Language:English
Published: MDPI AG 2023-03-01
Series:Mathematics
Subjects:
actuarial risks
asymmetric data set
left skewed claims
likelihood
bimodal data
value-at-risk
Online Access:https://www.mdpi.com/2227-7390/11/6/1284

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