Bootstrapping the triangles
Bootstrapping the triangles
Bootstrapping the triangles
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Conclusions- mean and variance do not contain full informationabout <strong>the</strong> distribution cannot providequantities like VaR- assumption of log-normally distributed claims log-normally distributed reserves (far morerestrictive)- various types of residuals- bootstrap (simulated) distributionmimics <strong>the</strong> unknown distribution of reserves(a ma<strong>the</strong>matical proof necessary)- R software provides a free sufficient actuarialenvironment for reserving
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