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Old 12-07-2019, 06:00 PM
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Join Date: Aug 2015
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Question EOM6: Cell-Based, Deterministic, Micro Model Type?

Can a model be both cell-based and deterministic? It seems that this is the case for Blackmore's current model. It has 20 tabs representing age/sex/smoking status scenarios (cell-based) and also uses one set of assumptions (deterministic). The readings make it seem that these two strategies are distinct/separate.

I originally thought multiple-scenario, but Understanding Actuarial Practice indicates that the scenarios in this method are based on premium payment patterns, not demographics.

I also ruled out model office, as there is no indication that the 20 tabs are combined using the proportion in each cell as the weight.

In addition, the current model seems to me to be of the micro (cost-plus) variety rather than macro.

Thanks in advance!
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