Re: Berquist-Sherman

Scott Henck ( (no email) )
Fri, 13 Aug 1999 11:03:12 -0400

I don't have the paper in front of me and havent looked at it since last
October, but I think Berquist & Sherman use exponential curve fits or regression
models to determine the average annual trend rate. It doesnt really matter
what they do, because on the exam, you will not be asked to calculate a trend
rate because it takes too long and its not what they're trying to test. They
will generally give you this rate and make you adjust the losses.

I think Bob Scott's manual does a pretty good job of deciphering what's
important from this rather tedious paper. If you're not going to one of his
seminars, you may want to get a copy of his copyrighted notes somehow.

Hope this helps,

Scott Henck