all articles
Estimated Losses in Fires in Toronto,Canada
In this project we want to calculate the monthly estimated losses caused by fires that occur in Toronto. We will use the theory of Loss Distributions, in which we will try to find the severity and frequency. The intention of projects like this is to have a confidence margin, usually 95 or 99 percent, in which we are sure that 95% of the time the losses will not exceed this value and if it does exceed it, we can calculate another estimator.
Read more…
1