Tweedie Distribution

The Tweedie distribution, a flexible family of probability distributions encompassing various data types, is increasingly used in statistical modeling to address challenges in diverse fields. Current research focuses on improving its application in areas like insurance analytics (using boosted tree methods to handle zero-inflation) and inverse problems in image processing (leveraging second-order approximations within diffusion models for enhanced efficiency and accuracy). These advancements demonstrate the Tweedie distribution's value in overcoming limitations of traditional models, particularly in handling data with many zeros or significant noise, leading to improved predictive accuracy and more robust solutions in various applications.