Hello,
I am trying to get into the IBNR Cape Cod method but still can't figure some details.
What does the decay factor stands for?
And, how can I estimate both trend and decay factors?
I am trying to get into the IBNR Cape Cod method but still can't figure some details.
What does the decay factor stands for?
And, how can I estimate both trend and decay factors?
Cape Cod - Decay and Trend Factors
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