Discover how credibility theory helps actuaries use historical data to estimate risks and set insurance premiums; learn how ...
This study proposes an important new approach to analyzing cell-count data, which are often undersampled and cannot be accurately assessed using traditional statistical methods. The case studies ...
In the predawn hours of August 19, 2024, bolts of lightning began to fork through the purple-black clouds above the Mediterranean. From the rail of a 184-foot vessel, a 22-year-old named Matthew ...
We develop methodology to bridge scenario analysis and risk forecasting, leveraging their respective strengths in policy settings. The methodology, rooted in Bayesian analysis, addresses the ...
Abstract: An effective warranty policy not only fulfills a manufacturer’s or vendor’s obligations but also plays a crucial role in enhancing customer confidence and encouraging future purchases. To ...
Empowered by technological progress, sports teams and bookmakers strive to understand relationships between player and team activity and match outcomes. For this purpose, the probability of an event ...
The mathematics behind artificial intelligence (AI) and machine learning (ML) rely on linear algebra, calculus, probability, and statistics. These provide the foundation for developing the needed ...
This study explores the application of Bayesian econometrics in policy evaluation through theoretical analysis. The research first reviews the theoretical foundations of Bayesian methods, including ...