This calculates the link ratio function per the CLFM paper.
Usage
LRfunction(x, y, delta)
Value
A vector of link ratios.
Arguments
x
beginning value of loss during a development period
y
ending value of loss during a development period
delta
numeric
Author
Dan Murphy
Details
Calculated the link ratios resulting from a chainladder model
over a development period indexed by (possibly vector valued) real number delta.
See formula (5) in the References.
References
Bardis, Majidi, Murphy. A Family of Chain-Ladder Factor Models for Selected Link Ratios. Variance. Pending. 2013. pp.tbd:tbd