Panjer recursion: Difference between revisions

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The starting value is <math>g_0 = W_N(f_0)\,</math> with the special cases
 
:<math>g_0=p_0\cdot \exp(f_0 b) \quad \text{ if } \quad a = 0,\,</math>
 
and
 
:<math>g_0=\frac{p_0}{(1-f_0a)^{1+b/a}} \quad \text{ for } \quad a \ne 0,\,</math>
 
and proceed with