Sequential credibility evaluation for sy
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Zinoviy Landsman; Udi E. Makov
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Article
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1999
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Elsevier Science
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English
β 89 KB
The traditional linear credibility formula provides an exact expression for the predictive mean when the conditional loss distributions belong to the exponential dispersion family (EDF) and when the prior distribution is conjugate. When the claim size follows a distribution outside this family, the