The Method Which Assumes That an Entity's Experience in Estimating

question 181

Multiple Choice

The method which assumes that an entity's experience in estimating case-basis reserves will be repeated in the future is called:

• A) Paid loss projection
• B) Reported loss development projection
• C) Incurred loss projection
• D) Internal entity loss projection

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Definitions:

Loudness

A perceptual attribute of sounds that indicates the intensity or volume, as perceived by the ear.

Decibels

A unit used to measure the intensity of sound, with higher decibels indicating louder sounds.

Precognition

The purported psychic ability to see or know about events before they happen.

Telekinesis

The purported psychic ability allowing a person to influence a physical system without physical interaction.