Abstract
The most important property of a distribution function to be used as a model for the distribution of one claim is of course that it fits the data well enough. If there is no natural truncation point in the data a more formal demand is that all the moments of the distribution function exist. Further, to be of a real value to the statistician, the chosen d.f. ought to be reasonably handy to use. As all the moments of the lognormal d.f. exist the first point to be checked is whether the lognormal d.f. fits the data. The other points on the list below are the qualities that I think are of the greatest value when using a distribution function, i.e. they reflect the handiness of the d.f.
Volume
2:1
Page
9-23
Year
1962
Categories
Financial and Statistical Methods
Loss Distributions
Publications
ASTIN Bulletin
