A Survey of Credibility Theory.

Abstract

Credibility theory is the name given by American actuaries to linear estimation formulae developed to experience-rate insurance premiums. These formulae can be viewed as linear Bayesian forecasts of a conditional mean, exact under certain conditions, and best least-squares approximations otherwise. This paper surveys the recent theorectical developments in the actuarial literature, relates these results to other linear estimation methods, and describes a variety of special models and applications. (Author)

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Document Details

Document Type
Technical Report
Publication Date
Oct 01, 1976
Accession Number
ADA036052

Entities

People

  • William S. Jewell

Organizations

  • University of California, Berkeley

Tags

DTIC Thesaurus Topics

  • Applied Mathematics
  • Bayesian Inference
  • Business Administration
  • Data Science
  • Equations
  • Geometric Forms
  • Information Science
  • Insurance
  • Literature
  • New York
  • Operations Research
  • Random Variables
  • Regression Analysis
  • Statistical Inference
  • Statistics
  • Surveys
  • Systems Analysis

Fields of Study

  • Mathematics

Readers

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

Technology Areas

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