Actuarial Empire
Category Archives: Tips & Tricks
Expected Cost for Franchise Deductible Formulas
01/31/13 - Lessons, Tips & Tricks
This theory post will cover how to derive the Expected Cost Per Loss and the Expected Cost Per Payment using a franchise deductible.
Stats Review 1: A Proof of the MSE formula
11/20/12 - Lessons, Tips & Tricks
A theoretical derivation of $MSE_{\theta}(\hat{\theta}) = Var_\theta(\hat{\theta}) + Bias_\theta(\hat{\theta})^2$. This is background material and is only for those that are interested!