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dc.contributor.authorTaylor, Gregen_US
dc.date.accessioned2014-05-22T09:48:31Z
dc.date.available2014-05-22T09:48:31Z
dc.date.issued2002-01en_US
dc.date.submitted2004-07-16en_US
dc.identifier.citationTaylor, Greg (2002) Chain Ladder Bias.en_US
dc.identifier.urihttp://hdl.handle.net/11343/33673
dc.description.abstractThe chain ladder forecast of oustanding losses is known to be unbiased under suitable assumptions. According to these assumptions, claim payments in any cell of a payment triangle are dependent on those from preceding development years of the same accident year. If all cells are assumed stochastically independent, the forecast is no longer unbiased. Section 6 shows that, under very general assumptions, it is biased upward. This result is linked to earlier work on some stochastic versions of the chain ladder.en_US
dc.formatapplication/pdfen_US
dc.languageengen_US
dc.relation.isversionofhttp://www.economics.unimelb.edu.au/actwww/no92.pdfen_US
dc.subjectchain ladderen_US
dc.subjectEBNRen_US
dc.titleChain Ladder Biasen_US
dc.typePreprinten_US
melbourne.peerreviewNon Peer Revieweden_US
melbourne.affiliation.departmentEconomics and Commerce: Centre for Actuarial Studiesen_US
melbourne.source.month01en_US
melbourne.elementsidNA
melbourne.contributor.authorTAYLOR, GREGORY
melbourne.accessrightsOpen Access


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