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According to Jacqueline Friedland's "Estimating Unpaid Claims Using Basic Techniques," there are seven steps to apply the chain-ladder technique: Compile claims data in a development triangle; Calculate age-to-age factors; Calculate averages of the age-to-age factors; Select claim development factors; Select tail factor
A ternary flammability diagram, showing which mixtures of methane, oxygen gas, and inert nitrogen gas will burn. A ternary plot, ternary graph, triangle plot, simplex plot, or Gibbs triangle is a barycentric plot on three variables which sum to a constant. [1] It graphically depicts the ratios of the three variables as positions in an ...
Loss reserving is the calculation of the required reserves for a tranche of insurance business, [1] including outstanding claims reserves.. Typically, the claims reserves represent the money which should be held by the insurer so as to be able to meet all future claims arising from policies currently in force and policies written in the past.
Claim 1. A filter comprising a housing, Smith teaches "the filter housing the housing having an outer wall, having an outer wall 1, a closed end, a closed end 2, an open end, and: an open end 3, a lid: and a hinged lid 4 attachable to the open end... that is securable to the open end 3 via clamp 5." (col. 6, lines 2–3; Figure 3).
Diagrams with loops (in graph theory, these kinds of loops are called cycles, while the word loop is an edge connecting a vertex with itself) correspond to the quantum corrections to the classical field theory. Because one-loop diagrams only contain one cycle, they express the next-to-classical contributions called the semiclassical contributions.
They give examples of Venn diagrams to solve example switching-circuit problems, but end up with this statement: "For more than three variables, the basic illustrative form of the Venn diagram is inadequate. Extensions are possible, however, the most convenient of which is the Karnaugh map, to be discussed in Chapter 6." [13] (p 64)
Such diagrams are available in the speciality literature. [1] [2] [3] The same information can be depicted in a normal orthogonal diagram, showing only two substances, implicitly using the feature that the sum of all three components is 100 percent. The diagrams below only concerns one fuel; the diagrams can be generalized to mixtures of fuels.
A scatter plot, also called a scatterplot, scatter graph, scatter chart, scattergram, or scatter diagram, [2] is a type of plot or mathematical diagram using Cartesian coordinates to display values for typically two variables for a set of data. If the points are coded (color/shape/size), one additional variable can be displayed.