The Lomax-Claim Model: Bivariate Extension and Applications to Financial Data

Table 1

Simulation results of the L-Claim distribution for , and .

n	Parameters	MLE	Biases	MSEs
25		0.740063	0.040063	0.023912
		1.975112	0.675111	2.348829
		0.646899	0.146899	0.218631
100		0.708882	0.008882	0.007295
		1.645087	0.345087	0.953070
		0.561791	0.061791	0.077792
200		0.708633	0.008633	0.003408
		1.411091	0.111091	0.280088
		0.508988	0.008988	0.034374
400		0.705445	0.005445	0.001236
		1.325511	0.025511	0.044632
		0.498914	0.007085	0.013414
600		0.705628	0.005628	0.000693
		1.301424	0.001424	0.011400
		0.490299	0.004700	0.006831
750		0.705378	0.005378	0.000528
		1.299216	0.000783	0.007576
		0.491804	0.002195	0.004624