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#1
05-13-2009, 01:38 PM
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quick question about age band compression
Suppose I have a base rate that I then multiply by a factor for a member's age band to get final premium. Now, suppose I want to limit the spread of the age bands - like now, the largest factor is three times as big as the smallest, and I would like to have the largest factor be only 2 times as large as the smallest.
What's my procedure for getting the new age factors in order? 
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