Assessing the performance of random forests for modeling claim severity in collision car insurance

HIGHLIGHTS

  • who: Yves, Staudt and Joël, Wagner from the Department Alpine Region Development, Institute for Tourism and Leisure, University of Applied Sciences University of Applied Sciences of the Grisons, Ringstrasse, Chur, Switzerland have published the research: Assessing the Performance of Random Forests for Modeling Claim Severity in Collision Car Insurance, in the Journal: Risks 2021, 53 of 20/02/2021
  • what: The authors focus on the claim severity. The authors compare the prediction performance of the different models using the relative error the root mean squared error and the goodness-of-lift statistics in combination . . .

     

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