tailFactor,BreakAnnualAggLossDevModelOutput-method {BALD} | R Documentation |
A method to plot and/or return the predicted tail factors for a specific attachment point.
object |
The object from which to plot the predicted tail factors and return tail factors for all attachment points. |
attachment |
An integer value specifying the attachment point for the tail. Must be at least 1. See Details for more info. |
useObservedValues |
A logical value. If |
firstIsHalfReport |
A logical value or |
finalAttachment |
An integer value must be at least 1 default value is |
plot |
A logical value. If |
expYearRange |
Either a range of years (for example c(1995, 2006)) or one of the keywords “all” or “fullyObs”. |
The tail factor is the ratio of the estimated ultimate loss to cumulative loss at some point in development time. This is a method to allow for the retrieval and illustration of the tail factor by exposure year.
Because the model is Bayesian, each tail factor comes as a distribution. To ease graphical interpretation, only the median for each factor is plotted/returned.
See for more details tailFactor
.
For comparison purposes, the function returns three separated tail factors for three scenarios. Theses three tail factors are returned as a list with the following names and meanings:
These are the tail factors estimated when taking the break into consideration.
These are the tail factors estimated when assuming all years where in the post-break regime.
These are the tail factors estimated when assuming all years where in the pre-break regime.
Mainly called for the side effect of plotting. Also returns tail factors for all attachment points through finalAttachment
. See Details. Returned invisibly.
tailFactor
tailFactor("StandardAnnualAggLossDevModelOutput")