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25:01
YouTube
Insureware
Overview of the Mack method and the PTF modelling framework
The Mack method is a regression formulation of the link-ratio technique termed volume weighted averages. We use a real data set to explain the Mack method and how to calculate residuals. An extensive study of the Mack method and its relatives that all belong to the Extended Link Ratio Family (ELRF) modelling framework is given in video chapter ...
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