Credible Means Are Exact Bayesian for Exponential Families.

Abstract

The credibility formula used in casualty insurance experience rating is known to be exact for certain prior-likelihood distributions, and, the minimum least-squares unbiased estimator for all others. The author shows that credibility is also exact for all simple exponential families,and is also true in an extended sense for all regular distributions with a fixed-dimensional sufficient statistic. (Author)

Document Details

Document Type
Technical Report
Publication Date
Oct 01, 1973
Accession Number
AD0770626

Entities

People

  • William S. Jewell

Organizations

  • University of California, Berkeley

Tags

DTIC Thesaurus Topics

  • Algorithms
  • Business Administration
  • Casualties
  • Estimators
  • Finance
  • Insurance

Fields of Study

  • Mathematics

Readers

  • Rehabilitation and Prosthetic Care for Military Service Members and Veterans with Limb Loss or Disability.
  • Statistical inference.

Technology Areas

  • AI & ML
  • AI & ML - Bayesian Inference
  • AI & ML - Machine Learning Algorithms