Tariff Analysis in Automobile Insurance: Is It Time to Switch from Generalized Linear Models to Generalized Additive Models?
Generalized Linear Models (GLMs) are the standard tool used for pricing in the field of automobile insurance. Generalized Additive Models (GAMs) are more complex and computationally intensive but allow taking into account nonlinear effects without the need to discretize the explanatory variables. In...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2023-09-01
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| Series: | Mathematics |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2227-7390/11/18/3906 |