Keywords - Function groups - @ A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Library: insurance
See also: INSpremgam INSpremlogn INSprempareto INSprembur

Quantlet: INSpremwei
Description: returns the values of premium in the case of Weibull distribution of losses.

Reference(s):

Usage: y = INSpremwei (alpha, beta, param, ind)
Input:
alpha scalar, parameter alpha in Weibull distribution
beta scalar, parameter beta in Weibull distribution
param array, if pure risk premium with security loading: relative security loading, if premium with variance or standard deviation: the coefficient, if quantile premium: quantile parameter
ind scalar, if ind=1, pure risk premium if ind=2, safety loaded premium if ind=3, variance loaded premium if ind=4, standard deviation loaded premium if ind=5, quantile premium
Output:
y array, value of the pure risk premium for Weibull distribution of loss

Example:
library("insurance")
x =(0:10)
INSpremwei(3, 1, x, 4)

Result:
Contents of y
[ 1,]  0.89296
[ 2,]   1.2175
[ 3,]   1.5421
[ 4,]   1.8667
[ 5,]   2.1912
[ 6,]   2.5158
[ 7,]   2.8404
[ 8,]   3.1649
[ 9,]   3.4895
[10,]   3.8141
[11,]   4.1386



Author: A. Wylomanska, J. Iwanik 20041215 license MD*Tech
(C) MD*TECH Method and Data Technologies, 05.02.2006