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  #11  
Old 10-03-2018, 02:39 PM
Glenn Meyers Glenn Meyers is offline
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If you are comfortable with Bayesian MCMC models using R and Stan, you should look at a semi-recent article in the Actuarial Review where I pose a model that integrates both paid and incurred data. Here is the link to the article.

https://ar.casact.org/wp-content/upl...MCMC-Model.pdf

My most recent version of this model is attached. Note - I had to rename the file as a txt file to conform to AO restrictions on upload extensions. One should rename the attached with a ".R" extension.
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Old 10-03-2018, 02:40 PM
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PeppermintPatty PeppermintPatty is offline
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That "paper" is really a small textbook, so you may not want to read it, either. If you have a understanding of how payments rates will change, the berquist sherman adjustments are worth trying, although they may or may not work for you.
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Old 10-03-2018, 02:45 PM
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Bingboing Bingboing is offline
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Quote:
Originally Posted by Glenn Meyers View Post
If you are comfortable with Bayesian MCMC models using R and Stan, you should look at a semi-recent article in the Actuarial Review where I pose a model that integrates both paid and incurred data. Here is the link to the article.

https://ar.casact.org/wp-content/upl...MCMC-Model.pdf

My most recent version of this model is attached. Note - I had to rename the file as a txt file to conform to AO restrictions on upload extensions. One should rename the attached with a ".R" extension.
Quote:
Originally Posted by PeppermintPatty View Post
That "paper" is really a small textbook, so you may not want to read it, either. If you have a understanding of how payments rates will change, the berquist sherman adjustments are worth trying, although they may or may not work for you.
Thank you, I'll take a look.
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