Spring 2015 Q5 b)
Is it valid to apply the policy distribution to OLF for each quarter? What I did is calculate the OLF for each quarter, then multiply by the % and sum to get final OLF. It gives me an answer very similar (but not equal) to sample 1. Or, are the % only applied to ARL and then the OLF calculated on an aggregate level? Thank you
Comments
Have you seen this thread on that question:
If that doesn't clear up your question, let me know. Otherwise, I would need to see your calculations.