A
Ash_B
Member
Hi
In section 5.7 of Chapter 14 (Bootstrapping the ODP - relating the theory to the practise), it says that in a special case of the ODP model, the expected values are the same as the basic chain ladder, but it doesn't say what the special case is.
Is this referring to a specific GLM that achieves this? Maximum likelihood on the development factors?
Thanks
Ash
In section 5.7 of Chapter 14 (Bootstrapping the ODP - relating the theory to the practise), it says that in a special case of the ODP model, the expected values are the same as the basic chain ladder, but it doesn't say what the special case is.
Is this referring to a specific GLM that achieves this? Maximum likelihood on the development factors?
Thanks
Ash