The Extended Log-Logistic Distribution: Inference and Actuarial Applications

The Extended Log-Logistic Distribution: Inference and Actuarial Applications

Actuaries are interested in modeling actuarial data using loss models that can be adopted to describe risk exposure. This paper introduces a new flexible extension of the log-logistic distribution, called the extended log-logistic (Ex-LL) distribution, to model heavy-tailed insurance losses data. Th...

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Bibliographic Details
Main Authors: Nada M. Alfaer, Ahmed M. Gemeay, Hassan M. Aljohani, Ahmed Z. Afify
Format: Article
Language:English
Published: MDPI AG 2021-06-01
Series:Mathematics
Subjects:
insurance losses data
expected shortfall
log-logistic distribution
parameter estimation
risk measures
Online Access:https://www.mdpi.com/2227-7390/9/12/1386

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