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Download and use the data from below link to answer the following questions: https://docs.google.com/spreadsheets/d/1nnGY8Nh5qE5q_lWaftCOYOTzv4hOLEUr/edit?usp=sharing&ouid=112329878583935125425&rtpof=true&sd=true Solve following Questions using R software Pick a year (2007) and
Download and use the data from below link to answer the following questions:
https://docs.google.com/spreadsheets/d/1nnGY8Nh5qE5q_lWaftCOYOTzv4hOLEUr/edit?usp=sharing&ouid=112329878583935125425&rtpof=true&sd=true
Solve following Questions using R software
- Pick a year (2007) and filter the data based on the chosen year.
- Fit the Frequency data to the following distribution: Binomial distribution, Negative binomial distribution, Poisson distribution
- Determine whether the frequency data fit any of the distribution in Question number 2. Provide your analysis.
- Fit the Severity data to at least 3 (three) continuous distributions. Perform an analysis on the results.
- Using Monte Carlo Simulation, carry out aggregate loss modeling using the fitted distribution(s) in Question number 2 and number 3.
- Estimate the following measures: Expected Loss, Value-at-Risk (99% confidence level), Expected Shortfall (99% confidence level)
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