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Research Article | 13-December-2019

GENERAL LINEAR MODEL: AN EFFECTIVE TOOL FOR ANALYSIS OF CLAIM SEVERITY IN MOTOR THIRD PARTY LIABILITY INSURANCE

The paper focuses on the analysis of claim severity in motor third party liability insurance under the general linear model. The general linear model combines the analyses of variance and regression and makes it possible to measure the influence of categorical factors as well as the numerical explanatory variables on the target variable. In the paper, simple, main and interaction effects of relevant factors have been quantified using estimated regression coefficients and least squares means

Erik Šoltés, Silvia Zelinová, Mária Bilíková

Statistics in Transition New Series, Volume 20 , ISSUE 4, 13–31

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