Wednesday, 25 January 2012

Applications of gamma distributions:

  Manoj       Wednesday, 25 January 2012
  •  The gamma distribution has been used to model the size of insurance claims and rainfalls. This means aggregate insurance claims and amount of rainfall accumulated in a reservoir are modeled by a gamma process.
  • The gamma distribution is also used to model errors in multilevel Poisson regression models, because the combination of the Poisson distribution and a gamma distribution is a negative binomial distribution.
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