Benktander type I distribution
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Variance | [note 1] |
The Benktander type I distribution is one of two distributions introduced by Gunnar Benktander (1970) to model heavy-tailed losses commonly found in non-life/casualty actuarial science, using various forms of mean excess functions (Benktander & Segerdahl 1960). The distribution of the first type is "close" to the log-normal distribution (Kleiber & Kotz 2003).
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