Abstract:Research background: Using the marginal means and contrast analysis of the target variable, e.g., claim severity (CS), the actuary can perform an in-depth analysis of the portfolio and fully use the general linear models potential. These analyses are mainly used in natural sciences, medicine, and psychology, but so far, it has not been given adequate attention in the actuarial field.
Purpose of the article: The article's primary purpose is to point out the possibilities of contrast analysis for the segmentatio… Show more
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