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, 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 is named after Swedish mathematician Waloddi Weibull, who described it in detail in 1951, although it was first identified by Maurice R ...
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See also
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Weibull distribution
In probability theory and statistics, the Weibull distribution is a continuous probability distribution. It is named after Swedish mathematician Waloddi Weibull, who described it in detail in 1951, although it was first identified by Maurice R ...
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Benktander type I distribution
Notes
References
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{{ProbDistributions, continuous-semi-infinite
Continuous distributions