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  #11  
Old 05-17-2019, 09:32 AM
Canadiens Fan Canadiens Fan is offline
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Here are a few basics:

- Make sure outputs such as face amount and number of coverages are equal to the same inputs
- Make sure results are consistent through time
- Make sure error messages (if any) are resolved
- Make sure interactions between variables are reasonable
- Document as much as possible
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  #12  
Old 05-17-2019, 10:02 AM
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You may find SR 11-7: Guidance on Model Risk Management to be of interest.
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  #13  
Old 05-17-2019, 12:54 PM
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There's an ASOP(draft) about modeling:http://www.actuarialstandardsboard.o...xposure-draft/
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  #14  
Old 05-17-2019, 05:47 PM
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1. documentation
2. standardize inputs for known periodic updates
3. design models as transparently as possible
4. peer review, not just for correctness but also for improvement suggestions
5. communication with end users
6. documentation
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Last edited by Brock; 05-17-2019 at 05:51 PM..
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Old 05-17-2019, 09:57 PM
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Try not to use Excel, its change management is literal garbage.
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  #16  
Old 05-17-2019, 11:29 PM
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Originally Posted by fdsafdsa View Post
Try not to use Excel, its change management is literal garbage.
Given OPís OP, Iím pretty sure they donít get to choose the coin of the realm.
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Thanks, Tom's Alt & mod1!
Spoiler:
Quote:
Originally Posted by Statatak View Post
I'm not the sharpest tool on the AO, but I'm comforted by the idea that no matter how vapid and incoherent my arguments are that there may be a kernel of truth buried somewhere.
Quote:
Originally Posted by 2pac Shakur View Post
i am broken and incapable of thought and a bunch of other stuff
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