I'm struggling understanding how this manual is calculating the CLDF's. For example on problem 3a on page 649, it is only using the oldest accident year to calculate the link ratios and uses these link ratios for 12-24, 24-36, 36-48, and 48-ult to calculate the CLDF's. Am I missing something? Why isn't it calculating the link ratios for all accident years and all development periods? Thank you for any hep you can give me!
Actex Manual Reserving
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