Probability Models Generated via Line Integral and Joint Life Insurance Application
DOI:
https://doi.org/10.5540/03.2023.010.01.0084Palavras-chave:
Characterization, Functional equation, Hazard gradient vector, Line integralResumo
We construct via line integral and characterize a class of bivariate continuous distributions with a multiplicative representation of the sum of hazard gradient components. The corresponding joint survival function is a solution of functional equation allowing to generate new members of the class. We apply a particular member to it a big Canadian joint life insurance data set improving the inference and conclusions made by of another authors.
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Referências
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