Skew T and skew normal distributions in modelling insurance loss and reliability data

• Main Authors: Vo, Phuoc Hiep, Lim, Zhen Jiang, Chew, Victor Poh Ming
• Other Authors: Uditha Balasooriya
• Format: Final Year Project
• Language: English
• Published: 2011
• Subjects: DRNTU::Business::Finance::Actuarial science
• Online Access: http://hdl.handle.net/10356/44044
• Institution: Nanyang Technological University

In this project, we study univariate Skew Normal distribution and univariate Skew t-distribution in modelling skewed data that arise very commonly in loss modelling and reliability analysis. The performances of these two distributions are compared against Gamma, Weibull and Lognormal, which are thre...