2017.Spring 8
In the answer from CAS, they said you have to list all 4:
1) Long term average
2) Cushioning: data that is outlier (for example if there is a fire that burned a large amount of yield) will be allocated a smaller weight to lessen the impact to the probable yield.
3) Smoothing: floor and ceilings are applied to yield so it does not deviate too far from the average
4) Capping: Capping year over year changes in probable yield.
But on the battle card there is two additional ones:
Split: Split basic and excess coverage
Transition: use transition rule after introducing new yield method
Are these two added after 2017?
P.S. I don't have access to the source material so I may be missing something
Comments
The CAS sample answers are just that - A sample answer from a candidate that scored full marks. It is not the only accepted answer in the exam. For this specific case, it is weird that they specifically say only those 4 methods are accepted as 'split' and 'transition' are both in the source material. The source is from 2014 and there has been no updates to it
Okay sounds good, than its weird to use the word "all". They should've just said list four instead of list all 4.
When you say list all 4, I would interpret that as there is only 4 and you need to list those 4
Yes, your interpretation makes sense.