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How credible is a predictive model?
How Credible is a Predictive Model? By Eileen S. Burns One of the outstanding questions the life ... of each. It also offers examples related to mortality, lapse, and reinsurance pricing, and a couple ...- Authors: Eileen Burns
- Date: Aug 2018
- Competency: External Forces & Industry Knowledge>Actuarial theory in business context
- Publication Name: Predictive Analytics and Futurism Newsletter
- Topics: Modeling & Statistical Methods>Credibility theory; Predictive Analytics
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Logistic GLM Credibility
and that 1,082 of them die. Our estimate of mortality among this cohort would be approximately 0.0108 ... confident that the true mortality lies within 5 percent of the estimated mortality. In probabilistic terms ...- Authors: Matthias Kullowatz
- Date: Dec 2017
- Competency: Technical Skills & Analytical Problem Solving>Innovative solutions
- Publication Name: Predictive Analytics and Futurism Newsletter
- Topics: Modeling & Statistical Methods>Credibility theory