The Benktander type II distribution, also called the Benktander distribution of the second kind, is one of two distributions introduced by Gunnar to model heavy-tailed losses commonly found in non-life/casualty
actuarial science
Actuarial science is the discipline that applies mathematics, mathematical and statistics, statistical methods to Risk assessment, assess risk in insurance, pension, finance, investment and other industries and professions.
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, using various forms of mean excess functions . This distribution is "close" to the
Weibull distribution
In probability theory and statistics, the Weibull distribution is a continuous probability distribution. It models a broad range of random variables, largely in the nature of a time to failure or time between events. Examples are maximum on ...
.
See also
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Weibull distribution
In probability theory and statistics, the Weibull distribution is a continuous probability distribution. It models a broad range of random variables, largely in the nature of a time to failure or time between events. Examples are maximum on ...
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Benktander type I distribution
Notes
References
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{{ProbDistributions, continuous-semi-infinite
Continuous distributions