Discrete lognormal distributions with application to insurance data

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Abstract

The continuous lognormal distribution has been used to model discrete count data, which is clearly not appropriate. In this paper, we introduce two discrete versions of the continuous lognormal distribution. We study their mathematical properties and estimation issues. Two real data applications show superior performance of the discrete versions over the continuous counter parts.
Original languageEnglish
Number of pages23
JournalInternational Journal of System Assurance Engineering and Management
DOIs
Publication statusAccepted/In press - 26 Sept 2021

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