Simulates covariates for each claim. The relative occurrence of each combination of covariates is given the frequency relativities of the covariates.
simulate_covariates(
covariates,
frequency_vector = 1,
claim_size_list = list(1)
)Returns a covariates_data object.
a covariates object, which stores the frequency and severity relativities for given covariate levels.
a vector in the same output as claim_frequency.
optional if frequency_vector is not inputted. A list in the same output as claim_size.