RiskDagum

Description

RiskDagum specifies a Dagum distribution with the parameters , , , and . The Dagum distribution is most commonly used in the modeling of income distribution and actuarial statistics.

Examples

RiskDagum(0,1,2,3) returns a Dagum distribution with a location parameter of 0, a scale parameter of 1, and shape parameters 2 and 3.

Parameters

      continuous location parameter

      continuous scale parameter           

      continuous shape parameter           

      continuous shape parameter           

Domain

           continuous

Definitions

where B is the beta function

Density and Cumulative Distribution Functions

when

Mean

for

Variance

for

Skewness

for

Kurtosis

for

Mode

for

for

Examples