AY1516 T2 Team Hew - Prediction
| Exploratory Analysis | Prediction |
Distribution Fitting
Vaughn (1996) and a number of actuaries have mentioned that ClaimPaid amounts have to factor in inflation for greater accuracy. However, as the highest inflation rate attained by Indonesia for the time period of study is about 7%, this is rather negligible. We first excluded rows where ClaimPaid = 0 and derived the distribution statistics of:
| N | Min | Max | Median | Mean | Standard Deviation |
|---|---|---|---|---|---|
| 49,066 | 2,570 | 3,295,056,701 | 4,297,418 | 21,090,896 | 90,927,485 |
Linear Regression
Coming Soon
Research & Methodology
Coming Soon
References
