✦ LIBER ✦
093033 (M30) A probabilistic model for calculation of a single premium for short credit life insurance with included inflation : Medved D., Bulletin de l'Association Suisse des Actuaires, Heft 1, 1997, pp. 63–72
- Book ID
- 104299906
- Publisher
- Elsevier Science
- Year
- 1997
- Tongue
- English
- Weight
- 83 KB
- Volume
- 20
- Category
- Article
- ISSN
- 0167-6687
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✦ Synopsis
263
to model the dose effect in terms of a risk function. Parameters of the regression model can be estimated with standard software. However, inference requires an additional step to estimate the variance structure of the estimated parameters. An effective dose (ED) and associated lower confidence limit (LED) are easily calculated. The method is supported by a simulation study and is illustrated with a study on the effects of aconiazide. The method offers flexible modelling of the dose effect, and since it is rank-based, it is more resistant to outliers, non-constant variance, and other departures from normality than previously described approaches.