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Comparative Study of the Distributions Used To Model Dispersion
(University of Nairobi, 2012)
The negative binomial distribution has been widely used and to a lesser extent the Ney-
man Type A distribution, whereas the Polya-Aeppli distribution has received no attention in modeling
overdispersed (clustered) ...
On Modelling and Pricing Index Linked Catastrophe Derivatives
(University of Nairobi, 2012)
We consider the problem of indifference pricing of derivatives written on CAT bonds. The
industrial loss index is modeled by a compound Poisson process and the number of claims as doubly
stochastic process, such that its ...
A Stochastic Model for Planning a Compartmental Education System and Supply of Manpowe
(University of Nairobi, 2012)
This paper describes a Markov Chain transition model that encompasses the different com-
partments of an education system. The model clearly shows transition rates within compartments and
also between compartments, thus ...
Benji
(University of Nairobi, 2012)