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The number of claims N is a random variable, which is said to have a "claim number distribution", and which can take values 0, 1, 2, .... etc..For the "Panjer recursion", the probability distribution of N has to be a member of the Panjer class, otherwise known as the (a,b,0) class of distributions.
A frequency distribution shows a summarized grouping of data divided into mutually exclusive classes and the number of occurrences in a class. It is a way of showing unorganized data notably to show results of an election, income of people for a certain region, sales of a product within a certain period, student loan amounts of graduates, etc.
Sturges's rule [1] is a method to choose the number of bins for a histogram.Given observations, Sturges's rule suggests using ^ = + bins in the histogram. This rule is widely employed in data analysis software including Python [2] and R, where it is the default bin selection method.
For example, an audio amplifier will usually have a frequency band ranging from 20 Hz to 20 kHz and representing the entire band using a decade log scale is very convenient. Typically the graph for such a representation would begin at 1 Hz (10 0 ) and go up to perhaps 100 kHz (10 5 ), to comfortably include the full audio band in a standard ...
This algorithm can easily be adapted to compute the variance of a finite population: simply divide by n instead of n − 1 on the last line.. Because SumSq and (Sum×Sum)/n can be very similar numbers, cancellation can lead to the precision of the result to be much less than the inherent precision of the floating-point arithmetic used to perform the computation.
Wikipedia word frequency plot, showing three segments with distinct behavior. A rank-size (or rank–frequency) distribution is often segmented into ranges. This is frequently done somewhat arbitrarily or due to external factors, particularly for market segmentation, but can also be due to distinct behavior as rank varies.
The Whittaker–Shannon interpolation formula or sinc interpolation is a method to construct a continuous-time bandlimited function from a sequence of real numbers. The formula dates back to the works of E. Borel in 1898, and E. T. Whittaker in 1915, and was cited from works of J. M. Whittaker in 1935, and in the formulation of the Nyquist–Shannon sampling theorem by Claude Shannon in 1949.
For a given sampling rate (samples per second), the Nyquist frequency (cycles per second) is the frequency whose cycle-length (or period) is twice the interval between samples, thus 0.5 cycle/sample. For example, audio CDs have a sampling rate of 44100 samples/second. At 0.5 cycle/sample, the corresponding Nyquist frequency is 22050 cycles/second .