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  2. Calculate the average number of claims on any given day, week and month. Let t’ > 0 be an instance of time. Calculate the probability that at least one claim occurs within 5 days after t’

Calculate the average number of claims on any given day, week and month. Let t’ > 0 be an instance of time. Calculate the probability that at least one claim occurs within 5 days after t’

Posted by:Shadrack Posted on:Nov 24,2022
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STATISTICS An insurance company has an initial surplus of 100 and premium loading factor of 20%. Assume that claims arrive according to a Poisson
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Evaluate your methods. Use any methods or metrics you deem necessary (e.g. figures, clustering metrics, runtime comparisons).

Posted by:Shadrack Posted on:Nov 12,2022
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Mixture modellingA set of observations were generated according to the modelπ ∼ Dir(1, 1, 1)zi ∼ Cat(π), i = 1, ..., nμk ∼ MV N(0, 10I2), k
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