Abstract
Mr. Chamberlain's paper is the first in years to address the problem of calculating class relativities for a two-way (or n-way) classification system. He proposes a new model that offers more flexibility (and more complexity) than previous ones. Essentially, his approach is to fit an additive model to the data, and then fit a multiplicative model to the residuals. As he explains, this approach is suggested by Analysis of Variance theory.
Classifications
Volume
May
Page
25-31
Year
1980
Categories
Actuarial Applications and Methodologies
Ratemaking
Classification Plans
Financial and Statistical Methods
Statistical Models and Methods
Exploratory Data Analysis
Publications
Casualty Actuarial Society Discussion Paper Program
