Worcester Polytechnic Institute Electronic Projects Collection

Title page for E-project-043009-161344

Project TypeMQP
Submission date2009-04-30
Authors
  • Haiying Liu, MAC
  • Aryeh L Shatz, MAC
  • Mingzhu Zheng, MAC
    • URNE-project-043009-161344
    SponsorHanover Insurance Group
    TitlePredicting Future Paid Losses
    Advisor
  • Abraham, Jon P, MA
    • Availability unrestricted

    Abstract

    This project finds the best mathematical model to forecast the future losses for each state from a given series of historical data by Hanover Insurance Group. There are nine models chosen after analyzing all the states' data. The score method is applied to seek out the accurate models among the nine models. Comprehensive analysis also shows that some external experience needs to be used in order to make the prediction more precise.

    Files
  • Auto_Defined_Data.xlsm
  • Predicting_Future_Paid_Losses.pdf

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