PE2 #5 part A
For this problem when calculating the claim severity you do not take the LN of the DMD/20 before applying the parameters to get Ln(mu) was this a mistake or am I missing something?
For this problem when calculating the claim severity you do not take the LN of the DMD/20 before applying the parameters to get Ln(mu) was this a mistake or am I missing something?
Comments
Also confused on this question - i expected it to be like Fall 2016 #6a where they included it as B*ln(continuous variable) in the linear predictor set equal to ln(u).
Thanks for pointing this out. It is an oversight on our part. We have updated the solution file in the PowerPack.