New Feature Request - Mixture distribution

[Andy-Feng-FCAS]

Request to have a feature of mixed distribution in the frequency or severity distributions.

Current workaround involves using each LSM-defined LOBs as the a distribution to be weighted, and using the frequency of the LOBs as weights. However, doing this loses the ability to model multiple real LOBs.

It would be great if the current LSM could enable mixture distribution feature.

[joemarker2]

In the attached Word document, I outlined a procedure for generating claims that includes the ability to generate k-point mixtures of severity distributions. This procedure was programmed into an earlier version of the LSM. Thus, we may be able to incorporate this ability into our current LSM without programming it "from scratch".
Mixed Distributions 20211203.docx