Estimation, Evaluation, and Selection of Actuarial Models
Estimation, Evaluation, and Selection of Actuarial Models
Estimation, Evaluation, and Selection of Actuarial Models
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2.2. ESTIMATION USING DATA-DEPENDENT DISTRIBUTIONS 11<br />
F(x)<br />
1<br />
0.9<br />
0.8<br />
0.7<br />
0.6<br />
0.5<br />
0.4<br />
0.3<br />
0.2<br />
0.1<br />
0<br />
0 25000 50000 75000 100000 125000<br />
x<br />
Ogive for general liability losses<br />
The derivative is simply a step function with the following values.<br />
⎧<br />
0.000058150, 0 ≤ x
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