F
fischer
Member
On page 6 of ch 17, 3rd para, the core reading states "If adjusted rates are to apply to a class of lives which is expected to have a different experience from that to which the analysed data relate, then further adjustments need to be made."
My question is, don't the adjusted rates already reflect the different experience the class of lives (to which these rates will apply) is expected to have? Isn't that the reason why there was an adjustment in the first place? So why is a further adjustment required?
My question is, don't the adjusted rates already reflect the different experience the class of lives (to which these rates will apply) is expected to have? Isn't that the reason why there was an adjustment in the first place? So why is a further adjustment required?