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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 ...
The triangle was first proposed by Herbert William Heinrich in 1931 and has since been updated and expanded upon by other writers, notably Frank E. Bird. It is often shown pictorially as a triangle or pyramid and has been described as a cornerstone of 20th century workplace health and safety philosophy. In recent times it has come under ...
A claim chart is a widely used device in patent infringement litigation. [1] It is a convenient and effective means for analyzing and presenting information regarding a patent claim .
Data flow diagram with data storage, data flows, function and interface A data-flow diagram is a way of representing a flow of data through a process or a system (usually an information system ). The DFD also provides information about the outputs and inputs of each entity and the process itself.
Barycentric coordinates (,,) on an equilateral triangle and on a right triangle. A 3-simplex, with barycentric subdivisions of 1-faces (edges) 2-faces (triangles) and 3-faces (body). In geometry , a barycentric coordinate system is a coordinate system in which the location of a point is specified by reference to a simplex (a triangle for points ...
An argument map or argument diagram is a visual representation of the structure of an argument. An argument map typically includes all the key components of the argument, traditionally called the conclusion and the premises , also called contention and reasons . [ 1 ]
Triangular diagrams are not commonplace. The easiest way to understand them is to briefly go through three basic steps in their construction. Consider the first triangular diagram below, which shows all possible mixtures of methane, oxygen and nitrogen. Air is a mixture of about 21 volume percent oxygen, and 79 volume percent inerts (nitrogen ...