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  • P-ISSN3059-0604
  • E-ISSN3059-1309
  • KCI

Comparative Analysis on Time Series Models for the Number of Reported Death Claims in Korean Compulsory Automobile Insurance

Journal of the Korean Society of Mathematical Education Series B: Theoretical Mathematics and Pedagogical Mathematics / Journal of the Korean Society of Mathematical Education Series B: Theoretical Mathematics and Pedagogical Mathematics, (P)3059-0604; (E)3059-1309
2004, v.11 no.4, pp.275-285
Lee, Kang-Sup
Kim, Young-Ja

Abstract

In this paper, the time series models for the number of reported death claims of compulsory automobile liability insurance in Korea are studied. We found that IMA<TEX>${(0, 1, 1)}\;{\times}\;{(0, 1, 1)}_{12}$</TEX> would the most appropriate model for the number of reported claims by the Box-Jenkins method.

keywords
Automobile insurance, claims, Box-Jenkins method

Journal of the Korean Society of Mathematical Education Series B: Theoretical Mathematics and Pedagogical Mathematics