A method to plot and/or return the esimtated rate of decay vs development year time for standard models.
The object from which to plot and/or return the estimated rate of decay.
A logical value. If TRUE, then the plot is generated and the statistics are returned; otherwise only the statistics are returned.
Mainly called for the side effect of plotting. Also returns the plotted statistics. Returned invisibly.
The simplest definition of the rate of decay is the exponentiated first difference of the consumption path. The standard model has a common rate of decay for all exposure years. This is a method to allow for the retrieval and illustration of the rate of decay.
Because the model is Bayesian, the estimated rate of decay comes as a distribution; only the median is plotted and/or returned.
rateOfDecay
rateOfDecay("BreakAnnualAggLossDevModelOutput")
consumptionPath