update_formula_add

Create new offset-term and new formula

internal

Functions to build, evaluate, and visualize insurance rating
models. It simplifies the process of modeling premiums, and allows to
analyze insurance risk factors effectively. The package employs a
data-driven strategy for constructing insurance tariff classes, drawing on
the work of Antonio and Valdez (2012) <doi:10.1007/s10182-011-0152-7>.

Martin Haringa

insurancerating

Analytic Insurance Rating Techniques

update_formula_add function

<dl><dt>offset_term</dt>
<dd>String obtained from get_offset()</dd>
<dt>fm_no_offset</dt>
<dd>Obtained from remove_offset_formula()</dd>
<dt>add_term</dt>
<dd>Name of restricted risk factor to add</dd></dl>

Arguments

Create new offset-term and new formula — update_formula_add

<dl>

<dt>offset_term</dt>
<dd>String obtained from get_offset()</dd>


<dt>fm_no_offset</dt>
<dd>Obtained from remove_offset_formula()</dd>


<dt>add_term</dt>
<dd>Name of restricted risk factor to add</dd>

</dl>

update_formula_add: Create new offset-term and new formula

Description

Usage

Arguments