Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kindly provide accurate solutions Y1, Y2, .... Y,, are independent claims, which are assumed to be exponentially distributed, with E[YA - Hi - (1) Show

Kindly provide accurate solutions

image text in transcribed
Y1, Y2, .... Y,, are independent claims, which are assumed to be exponentially distributed, with E[YA - Hi - (1) Show that the canonical link function is the inverse link function. [3] (ii) It is decided that the canonical link function should not be used. but that the mean claim sizes should be modelled as follows: logy; = a i=12 ....m P i=m+1, m +2. . ..n (a) Show that the log-likelihood can be written as -mut (n - m) B+e"> >te BE > (b) Derive the maximum likelihood estimators of o and F. (c) Show that the scaled deviance for this model is E vi 2 `log log [12] (iii) For a particular data set, m = 20, n = 44, _ y; = 142. - > y, = 18.7. 44 204 24 * 21 Calculate the deviance residual for y, = 7. [3] [Total 18]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Inflation, Unemployment And Capital Malformations

Authors: Bernard Schmitt, Xavier Bradley, Alvaro Cencini

1st Edition

0429767064, 9780429767067

More Books

Students also viewed these Economics questions

Question

The eight operations and supply chain competitive dimensions. LO.1

Answered: 1 week ago