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Statistical modelling and forecasting of outstanding liabilities in non-life insurance

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Figure

Figure 1: Real data example: estimates for ϑNi. Estimates ϑ�(1)iare based onm, estimates ϑ�(2)iare based on Rm and ϑ�i is the arithmetic mean betweenthe latter two estimates.
Figure 2: Real data example: estimates for αi, ϑi and νi.
Figure 4: Real data example: estimates �µj,l for µj,l ≡ µl for l = 0, . . . , 11.
Table 1: Real data example: resulting claims reserves under (10).
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