Big picture view of pricing methods

Discussion in 'SP8' started by Shama, Jun 19, 2019.

  1. Shama

    Shama Member

    I hope my question is not plain dumb but I am struggling to have a full picture of pricing methods. I am very well clear about pre- process like data, groupings and also about margins and other considerations. What confuses me is a random question on how to price a product and then answer sometimes talks about fitting distributions, sometimes about chain ladder / Fre sec or BF.
    when do we fit distributions, when do we use GLM and when other methods?
     

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