Abstract
The objective of this article is to compare several risk classification methods for claim severity data by using weighted equation which is written as a weighted difference between the observed and fitted values. The weighted equation will be applied to estimate claim severities which is equivalent to the total claim costs divided by the number of claims.
DOI
10.22237/jmasm/1162355040
Included in
Applied Statistics Commons, Social and Behavioral Sciences Commons, Statistical Theory Commons
