Actuarial Notes

Exam DISC-DA Practice Question 26

Study guide: Exam DISC-DA

An analyst receives a new commercial property claims file for a severity study, with paid amount, cause of loss, construction class and state. Which first step fits exploratory data analysis?

  • A) Fit a gamma GLM with every field and read its coefficients
  • B) Build a polished chart of average severity by state for management
  • C) Plot each variable's distribution and check its values against expectations
  • D) Remove all claims more than three standard deviations above the mean

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