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#1
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For those who have read - "Loss Reserve Testing - a report year approach" by Fisher and Lange, can you show me how to calculate the "Average % increase in Claim cost (exponential)"( which is on table 4 of Page 196) ?
The similar problem on All 10 page 97 sample question 1. It is said that "fit the data into exponential curve", but I had difficulty figuring it out. Thanks. |
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#3
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Take lns of the data points and fit a line. Then your fitted points are
exp(fitted linear points) |
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