Expected Claim Counts. You don't want to use actual reported counts b/c that would bias your estimates high, you would give more credibility to bad years than good years.
Use total exposures in the experienced period * projected future frequency to get expected claim counts.
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"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is now controlled by its system of credit. We are no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men." -- Woodrow Wilson
It doesn't matter who you vote for, the government always gets in. -- Elizabeth May
???? Jan 20: Freedom for the Bill of Rights
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02-06-2010, 10:54 AM
Hybrid Mode
