Mack (1994) Flashcards
1
Q
Mack Chain Ladder Assumption 1
A
2
Q
Correlation between Development Factors
A
3
Q
Mack Chain Ladder Assumption 2
A
4
Q
Mack Chain Ladder Assumption 3
A
5
Q
Summary of Mack Assumptions
A
6
Q
MSE of an accident year’s ultimate loss estimate formula
A
7
Q
α^2 formula
A
8
Q
How to calculate α^2_I−1 for the final development period
A
9
Q
Confidence Interval for the Reserve Estimate formulas
A
10
Q
Why are reserve estimates by accident year dependent?
A
11
Q
Weights for LDF calculation using different variance assumptions
A
12
Q
Mack Regression Plot
A
13
Q
Mack Residual Plot
A
14
Q
Mack Weighted Residual formulas by variance assumption
A
15
Q
Spearman’s test of correlation of adjacent development factors formulas
A
16
Q
Calendar Year Effects Test formulas
A
