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- W2183635699 abstract "The literature on chain ladder models with random effects is surveyed. Both Mack and cross-classified forms of the chain ladder are considered, particularly with a view to extending the models in the literature. The literature on the EDF Mack model with random effects covers only the variance structure found in the well-known Mack fixed effects model. Models with more general variance structures are considered here. Cross-classified models include both row and column effects. However, the literature on EDF cross-classified models with random effects includes randomisation of only the row effects. The present paper extends this to randomisation of column effects also. While the existing EDF cross-classified model with random row effects could be easily extended in this way, the extended model presented in this paper is somewhat different. The essential difference between the two approaches is the use of different prior distributions on the row parameters. All results obtained here for the chain ladder models with random effects are expressed in credibility form." @default.
- W2183635699 created "2016-06-24" @default.
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- W2183635699 date "2013-01-01" @default.
- W2183635699 modified "2023-09-26" @default.
- W2183635699 title "CHAIN LADDER WITH RANDOM EFFECTS" @default.
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