A discrete claims-model for the inflated and over-dispersed automobile claims frequencies data: Applications and actuarial risk analysis
A discrete claims-model for the inflated and over-dispersed automobile claims frequencies data: Applications and actuarial risk analysis
This paper showcases the effectiveness of the discrete generalized Burr-Hatke distribution in analyzing insurance claims data, specifically focusing on scenarios with over-dispersed and zero-inflated claims. Key contributions include presenting foundational statistical theories with mathematical proofs to enrich the paper’s mathematical and statistical aspects. Through the application of this discrete distribution, …