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Modeling the risk process in the XploRe computing environment

Krzysztof Burnecki and Rafał Weron ()

Risk and Insurance from EconWPA

Abstract: A user friendly approach to modeling the risk process is presented. It utilizes the insurance library of the XploRe computing environment which is accompanied by on-line, hyperlinked and freely downloadable from the web manuals and e-books. The empirical analysis for Danish fire losses for the years 1980-90 is conducted and the best fitting of the risk process to the data is illustrated.

Keywords: Risk process; Monte Carlo simulation; XploRe computing environment (search for similar items in EconPapers)
JEL-codes: G22 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cmp, nep-fin and nep-rmg
Date: 2005-02-07
Note: Type of Document - pdf; pages: 8. Appeared in: Lecture Notes in Computer Science 3039, pp. 868-875
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http://econwpa.repec.org/eps/ri/papers/0502/0502001.pdf (application/pdf)

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Working Paper: Modeling the risk process in the XploRe computing environment (2004) Downloads
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpri:0502001

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