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

Table 2

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

n	Parameters	MLE	Biases	MSEs
25		1.407703	0.007702	0.089969
		1.841798	0.741797	2.329233
		1.817713	0.917713	2.571805
100		1.381831	-0.018168	0.027254
		1.308675	0.208675	0.469191
		1.237221	0.337221	0.629859
200		1.398295	-0.001705	0.012032
		1.144440	0.044439	0.015172
		1.051417	0.151417	0.223189
400		1.395308	-0.004691	0.006124
		1.118567	0.018566	0.004892
		0.956584	0.056584	0.095525
600		1.398676	-0.001323	0.004355
		1.113499	0.013499	0.002874
		0.951820	0.051820	0.069850
750		1.398821	-0.001178	0.003376
		1.110305	0.010305	0.002152
		0.934313	0.034313	0.054993