WSEAS Transactions on Mathematics
Print ISSN: 1109-2769, E-ISSN: 2224-2880
Volume 20, 2021
On Approximation of the Panjer Distribution by the Poisson and Binomial Distributions
Authors: ,
Abstract: The aim of this paper is to approximate the panjer distribution by the poisson and binomial distributions, where each bound is obtained by using the z-function and the Stein-Chen identity. For these bounds, it is indicated that a result of each of the Poisson and Binomial approximations yields a good approximation if both α and λ are small.