Scribd Logo
Upload

Welcome to Scribd!

  • 4 views

    Age 28 Gender 1 Accidents 1 Usage 1

    Uploaded by

    Abdullah alsilme
    This document provides instructions for analyzing an insurance risk classification dataset using Stata software. The analysis includes: 1) Opening the dataset and creating a log file, 2) Generating descriptive statistics and frequency tables for variables, 3) Calculating correlations between risk class and other variables, 4) Estimating an ordered logit model to predict risk class from premium, age, gender, accidents, and usage, and predicting probabilities and plotting results.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content

    You might also like

    Age 28 Gender 1 Accidents 1 Usage 1

    Uploaded by

    Abdullah alsilme
    4 views1 page
    This document provides instructions for analyzing an insurance risk classification dataset using Stata software. The analysis includes: 1) Opening the dataset and creating a log file, 2) Generating descriptive statistics and frequency tables for variables, 3) Calculating correlations between risk class and other variables, 4) Estimating an ordered logit model to predict risk class from premium, age, gender, accidents, and usage, and predicting probabilities and plotting results.

    Original Description:

    Original Title

    Untitled

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document provides instructions for analyzing an insurance risk classification dataset using Stata software. The analysis includes: 1) Opening the dataset and creating a log file, 2) Generating descriptive statistics and frequency tables for variables, 3) Calculating correlations between risk class and other variables, 4) Estimating an ordered logit model to predict risk class from premium, age, gender, accidents, and usage, and predicting probabilities and plotting results.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    4 views1 page

    Age 28 Gender 1 Accidents 1 Usage 1

    Uploaded by

    Abdullah alsilme
    This document provides instructions for analyzing an insurance risk classification dataset using Stata software. The analysis includes: 1) Opening the dataset and creating a log file, 2) Generating descriptive statistics and frequency tables for variables, 3) Calculating correlations between risk class and other variables, 4) Estimating an ordered logit model to predict risk class from premium, age, gender, accidents, and usage, and predicting probabilities and plotting results.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    Software Apps # 423

    1. Open the database risk-class.dta using Stata 16 MP and create a log file. Save the
    log file as “your Name”.
    2.
    a) Explore the dataset and realize the descriptive statistics (mean, standard
    deviation, Min, Max) of the dependent variable (risk_class) and the continuous
    variables (premium age).
    b) Use the right command to dress the tables of frequencies for the discrete
    variables (gender accidents usage).
    3. Calculate the correlation (Pearson Chi2 test) between risk_class and accidents,
    risk_class and gender. Comment and discuss the outcomes
    4.
    a) Estimate the following model using the appropriate method:
    risk_class = a0+a1*premium+a2*age+a3*gender+a4*accidents+a5*usage+u
    b) Predict the different probabilities.
    c) Predict probabilities for a policyholder with specific characteristics ( 50000 age=28
    gender=1 accidents=1 usage=1):

    d) Plot probabilities predicted by the ordered logit regression model.

    You might also like