Modeling Coronavirus-19
Catrin Townsend ()
Chapter Chapter 17 in A Risky Business, 2022, pp 345-371 from Springer
Abstract:
Abstract Actuarial science rests on the assumption that the past is a good guide to the future. Without this assumption, modeling using historic data would be a pointless exercise. Similarly, actuarial science also assumes that there is some relevant objective data. Without this, there is no actuarial science to be done, only speculation. Modeling in the circumstances of March 2020 was by no means standard actuarial practice because of the lack of both historical data and current objective information, and it was by no means perfect.
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-11673-5_17
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DOI: 10.1007/978-3-031-11673-5_17
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