weighted average loss forecasting
Weighted average loss forecasting predicts future losses by assigning a greater weight, typically to more recent years, when developing a forecast of future losses.
weighted average loss forecasting
Weighted average loss forecasting predicts future losses by assigning a greater weight, typically to more recent years, when developing a forecast of future losses.
Additional Information
Recent years receive greater weight because they tend to more closely approximate current conditions (e.g., benefit levels, nature of company operations, medical expenses).
