_tweedie

Tweedie Distribution Module

This module implements the Tweedie distribution, a member of the exponential dispersion model (EDM) family, using SciPy’s rv_continuous class.

It is especially useful for modeling claim amounts in the insurance industry, where data often exhibit a mixture of zeroes and positive continuous values.

The primary focus of this package is the compound-Poisson behavior of the Tweedie distribution, particularly in the range 1 < p < 2. However, it supports calculations for all valid values of the shape parameter p.