ChainLadder (version 0.2.9)

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.

Usage

# S3 method for MunichChainLadder
plot(x,  mfrow=c(2,2), title=NULL, …)

Arguments

x

output from MunichChainLadder

mfrow

see par

title

see title

…

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.

See Also

See also MunichChainLadder

Examples

# NOT RUN {
M <- MunichChainLadder(MCLpaid, MCLincurred)
plot(M)
# }