We present a claims reserving technique that uses claim-specific feature and past payment information in order to estimate claims reserves for individual reported claims. We design one single neural network allowing us to estimate expected future cash flows for every individual reported claim....

This paper will outline the functionality available in the CovRegpy package for actuarial practitioners, wealth managers, fund managers, and portfolio analysts written in Python 3.7. The major contributions of CovRegpy can be found in the CovRegpy_DCC.py, CovRegpy_IFF.py, CovRegpy_RCR.py,...

The paper comprises three parts: description of the forecasting conception, classification of forecasting methods, and the general forecasting model. The first part deals with the definition of business forecasting, the second classifies and deals in more detail with the most frequently...

System dynamics methods have found a wider application in decision making recently .The aim of the present paper is to substantiate the application of the possibilities of system dynamics methods, by modelling innovations and the introduction of new products into the market. The research...

Recently construction industry in Latvia has experienced substantial changes. Stabile increase of construction since 2002 has transformed to a boom in 2006-2007. Year 2008 characterizes with continuation of the boom in first half-year and with the rapid downslide in the second half-year. In 2009...

The authors of this book describe an economic-mathematical forecasting model of the system dynamic type for construction industry. The book contains basic equations of the model, a system of indicators and a description of various block of the model – blocks of inhabitant, commercial and...

The supply chain of the real estate sector accounts for one fifth of Italian GDP; its importance for the banking system is even greater: lending to this sector accounts for more than one third of total loans to the private sector. The crisis in the construction and real estate sector started...

Nach den Ergebnissen der vierteljährlichen Umfrage des ifo Instituts bei den freischaffenden Architekten hat sich das Geschäftsklima zu Beginn des vierten Quartals 2011 sichtlich eingetrübt.

Nach den Ergebnissen der vierteljährlichen Umfrage des ifo Instituts bei den freischaffenden Architekten hat sich das Geschäftsklima zu Beginn des dritten Quartals 2011 nochmals etwas aufgehellt. Es ist weiterhin recht freundlich. Die befragten Architekten schätzten ihre aktuelle...

Nach einem dramatischen Einbruch – insbesondere 2008 und 2009 – wird sich der europäische Wohnungsbau ab diesem Jahr wieder etwas beleben. Auf einen Anstieg von knapp 2% im Jahr 2011 dürften Zuwächse von etwa 2½% 2012 bzw. von rund 3% 2013 folgen. Zu diesem Ergebnis kamen die Experten...