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Collective risk models : The models applied to insurance portfolios which do not create direct reference to the risk characteristics of individual members of the portfolio when des
Primary Model Below is a regression analysis without 17 outliers that have been removed Regression Analysis: wfood versus totexp, income, age, nk The regression equat
Weighted least squares is the method of estimation in which the estimates arise from minimizing the weighted sum of squares of the differences between response variable and its pr
Probability judgements : Human beings often require assessing the probability which some event will occur and accuracy of these probability judgements often determines success of o
Banach's match-box problem : The person carries two boxes of matches, one in his left and one in his right pocket. At first they comprise N number of matches each. When the person
data modelling
how to get the proportional allocation of the give stratified random sampling example
Probability distribution : For the discrete random variable, a mathematical formula which provides the probability of each value of variable. See, for instance, binomial distributi
Hot deck is a method broadly used in surveys for imputing the missing values. In its easiest form the method includes sampling with replacement m values from the sample respondent
Generalized principal components analysis: The non-linear version of the principal components analysis in which the goal is to determine the non-linear coordinate system which is
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