AGGREGATE ENTRY AGE NORMAL - A system of applying the entry age normal actuarial cost methodology using aggregate population models or groups instead of applying it individual by individual.
Aggregate population models and groups are an important factor when applying Aggregate Entry Age Normal methodology.
When applying Aggregate Entry Age Normal methodology, calculations are done based on individual-level data.
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using an analogy we can say the analyst seeks to explain 100 percent of variance by using data base with more variables than quantitative studies can accommodate.
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