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Loss Data Analysis: The Maximum Entropy Approach
Paperback
Series: de Gruyter Stem
DatabasesGeneral MathematicsProbability & Statistics
Publisher Price: $88.99
ISBN13: 9783110516043
Publisher: De Gruyter
Published: Feb 5 2018
Pages: 210
Weight: 0.76
Height: 0.45 Width: 6.69 Depth: 9.61
Language: English
This volume deals with two complementary topics. On one hand the book deals with the problem of determining the the probability distribution of a positive compound random variable, a problem which appears in the banking and insurance industries, in many areas of operational research and in reliability problems in the engineering sciences.
On the other hand, the methodology proposed to solve such problems, which is based on an application of the maximum entropy method to invert the Laplace transform of the distributions, can be applied to many other problems.
The book contains applications to a large variety of problems, including the problem of dependence of the sample data used to estimate empirically the Laplace transform of the random variable.
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