What is one drawback to consumer protection regulations.

Consumer protection regulations are beneficial because they increase what?.

(4 points) You are given the following triangle of cumulative paid losses: Months of Development Accident Year 12 24 36 48 2015 5.000 7,500 8,000 8,500 2016 6.000 9.000 8,500 2017 7.000 10,000 2018 8,000 You apply Clark's stochastic reserving model using the LDF method and a Pareto distribution with cumulative distribution function G(x) =1- Clark lists several advantages to using parametric curves to describe the expected emergence pattern. (a) (0.5 points) Provide two advantages that are relevant for this triangle. (b) (0.5 points) Explain why the Cape Cod method is generally preferred to the LDF method. The maximum likelihood estimate of o is 21.897 and of o is 4.3335. (c) (0.5 points) Calculate ULT2017- (d) (I point) Estimate the expected payments in 2020 for accident year 2018. Clark lists the following key assumptions: (1) Incremental losses are independent of all other incremental losses. (ii) The emergence pattern is the same in all accident years. (iii) Variance estimates are based on the Rao-Cramer lower bound. (e) (1.5 points) Identify which of these assumptions are not made by Mack. Justify your responses.Price stability is such a vital macroeconomic goal. Discuss> What are the consequences of inflation? Applying economic concepts, explain why people buy the things they buy. What influences a consumer to purchase a product? Discuss the the three categories that form the different kinds of evaluation> Discuss the timing of an evaluation time-wise. Discuss all the five types of timing. Discuss the factors considered in timing of an evaluation. Evaluation may be different according to? Develop at least 10 evaluation design questions. Discuss the experimental approach as an evaluation design approach.(4 points) Consider the following three layers: Layer 1: 100 excess of 0 Layer 2: 100 excess of 100 Layer 3: co excess of 200 Let 1 , 12. and /; be the trend factors that apply to the three layers, respectively, when trend of 10% is applied to a given probability distribution. Consider the following six possibilities: (i) (11) (iii) (iv) (v) (vi) For each of (i) through (vi), either . Identify a probability distribution with positive probability at exactly two discrete points (loss sizes) for which the inequality is satisfied; or . Explain why there is no probability distribution for which the inequality is satisfied