| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5076934 | Insurance: Mathematics and Economics | 2012 | 8 Pages |
Abstract
⺠Consistency of the distribution-free chain ladder method is examined. ⺠Unbiasedness of the development factors can be of less importance than consistency. ⺠A necessary and sufficient condition for the conditional consistency is derived. ⺠Mean square error of the development factors' estimates is calculated. ⺠Real data example and numerical simulations are shown.
Related Topics
Physical Sciences and Engineering
Mathematics
Statistics and Probability
Authors
Michal PeÅ¡ta, Å árka Hudecová,