The Use Of Burr XII Distribution In Financial Modeling And Risk Management

₦ 5,000.00
i h

ABSTRACT

The Burr XII distribution is a continuous probability distribution that is widely used in statistical modeling and analysis.it is characterized by its flexibility and ability to model data with heavy tails making it useful in various fields such as finance, insurance and reliability engineering. The Hazard function of the Burr XII distribution was used to analyse two data sets obtained from the literature From the analysis carried out we observed that as the values of x increases as the hazard function decreases and these captures the core concepts and implications of the hazard function and it's significance in modeling event occurrences.

0.0 0
Write your own review Close
  • Only registered users can write reviews
*
*
  • Bad
  • Excellent
*
*
*
*
Only registered users can write reviews