Message-ID: <21170344.post@talk.nabble.com>
Date: 2008-12-25T22:20:29Z
From: diegol
Subject: Percent damage distribution
R version: 2.7.0
Running on: WinXP
I am trying to model damage from fire losses (given that the loss occurred).
Since I have the individual insured amounts, rather than sampling dollar
damage from a continuous distribution ranging from 0 to infinity, I want to
sample from a percent damage distribution from 0-100%. One obvious solution
is to use runif(n, min=0, max=1), but this does not seem to be a good idea,
since I would not expect damage to be uniform.
I have not seen such a distribution in actuarial applications, and rather
than inventing one from scratch I thought I'd ask you if you know one, maybe
from other disciplines, readily available in R.
Thank you in advance.
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Diego Mazzeo
Actuarial Science Student
Facultad de Ciencias Econ?micas
Universidad de Buenos Aires
Buenos Aires, Argentina
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