This paper reviews the Hayne MLE modeling framework using a standard notation. It also covers a number of practical data issues and addresses the diagnostic testing of the model assumptions. The paper explores a variety of enhancements to the basic framework to allow the models to address other issues related to reserving and pricing risk.
Using the Hayne MLE models: A practitioner's guide
ByMark Shapland
22 August 2016
Using the Hayne MLE models: A practitioner's guide