Stepwise Regression

Sometimes in multiple regression models suffer from problems like multicollinearity and increased the complexity of data collection and model maintenance, due to a large number of variables. In this article, we will learn how we can use

Actuarial Science Profit Testing

Profit testing is a technique of assessment of the probability of an insurance contract before it is sold. Paying mortality claims, expenses etc. out of premium every year and the last amount left at the end of the year; its evaluation is…