Title :
Discussion about the Method of Constructing Loss Amount Model: Trying Construction Loss Amount Model with Newton´s Interpolation
Author :
Yang Daguang ; Liu Wei
Author_Institution :
Finance Dept., Northeast Normal Univ., Changchun, China
Abstract :
In non-life intensive computation of insurance, loss amount model is mainly constructed with loss detention law or the tendency analytic method. But there are some problems in both methods, such as more restrictions on the empirical data, and they can not be used to construct the loss amount model with nonlinear data. This paper attempts to solve the problem with the Newton´s interpolation method, and examines the forecast effect under the conditions of nonlinear data. The results show that the estimated value obtained by Newton´s interpolation method is better than by the current methods.
Keywords :
Newton method; insurance data processing; interpolation; Newton interpolation method; insurance; loss amount model; loss detention law; nonlife intensive computation; nonlinear data; tendency analytic method; Accidents; Analytical models; Computational modeling; Data models; Insurance; Interpolation; Predictive models;
Conference_Titel :
Management and Service Science (MASS), 2011 International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-6579-8
DOI :
10.1109/ICMSS.2011.5999216