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Fact Based List:
Bret Shroyer: Top 6 Myths About Predictive Modeling
Submitted By Charlene Ice, Created 12/15/2014 - 17:41
- Predictive modeling is mostly a technical challenge
- The most important thing is to use the right kind of model
- It really doesn’t matter which model I use, as long as it’s predictive
- Predictive modeling only works well for personal lines
- Better modeling will give me accurate prices at the policy level
- Good models will give me the right answers
Source: Insurance Thought Leadership, November 21, 2014
Source URL: http://insurancethoughtleadership.com/top-6-myths-about-pred...