A Practitioner's Guide to Generalized Linear Models

Topics:
Healthcare Services,
Insurance
Tags:
Business Operations,
Section 3,
Section 2,
Section 1,
Research & Development,
Insurance,
Financial Planning,
Finance,
Corporate Insurance,
Casualty Actuarial Society,
...
Source:
Casualty Actuarial Society

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Overview: The aim of this paper is to understand Generalized Linear Models (GLMs) and use them to analyze insurance data. It is divided into three sections. Section 1 provides a foundation for the statistical theory and gives illustrative examples and intuitive explanations which clarify the theory. Section 2 provides practical insights and realistic model output for each stage of a GLM analysis, including data preparation and preliminary analyses, model selection and iteration, model refinement and model interpretation. Section 3 discusses other topics of interest relating to GLMs such as retention modeling and scoring algorithms.

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Format: PDF | Size: 1,065KB | Date: Aug 2005 | Pages: 115

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