The actuarial methodology powering insurance risk models is advancing faster than most carriers realize. Here is what is ...

Many response variables are handled poorly by regression models when the errors are assumed to be normally distributed. For example, modeling the state damaged/not damaged of cells after treated with ...

Generally speaking, there are two types of outcomes (i.e. response) in statistical analysis: continuous and categorical responses. Linear Models (LM) are one of the most commonly used statistical ...