plot.MunichChainLadder: Plot method for a MunichChainLadder object
Description
plot.MunichChainLadder, a method to plot the output of
MunichChainLadder object. It is designed to give a quick
overview of a MunichChainLadder object and to check the
correlation between the paid and incurred residuals.
optional arguments. See plot.default for
more details.
Details
plot.MunichChainLadder shows four plots, starting from the top
left with a barchart of forecasted ultimate claims costs by
Munich-chain-ladder (MCL) on paid and incurred data by origin period;
the barchart next to it compares the ratio of forecasted ultimate
claims cost on paid and incurred data based on the Mack-chain-ladder and
Munich-chain-ladder methods; the two residual plots at the bottom show the
correlation of (incurred/paid)-chain-ladder factors against the
paid-chain-ladder factors and the correlation of
(paid/incurred)-chain-ladder factors against the incurred-chain-ladder
factors.