Actuarial Notes

CAS Exam 5 Spring 2019, Question 9

Study guide: Exam 5

The following graphs show two competing generalized linear models' (GLMs) predictions versus the data used in modeling ("training") and a hold-out sample. Data in each graph has been sorted into equal volume deciles, ranked from low to high actual loss.

Assess each of the models.

Part a (1 point)

Answer this question and see the worked solution

Concepts tested

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