Hi, I have a problem at hand.
I want to convert annual frequency of motor claims into a daily frequency.
So, let’s say I receive 40 claims from a exposure of 100 cars in a year. How do I convert this into a daily claim count.
I am assuming a poisson distribution to estimate daily claim count but in all the scenarios that i am trying to generate, all the 40 claims are received in the first half of the year which is not correct.