When Inflation Causes No Increase in Claim Amounts

Table 2

Maximum likelihood estimates of 𝑟_𝑗 for 𝑗=2,…,10.

𝑗	2	3	4	5	6	7	8	9	10
𝑟𝑗̂	0.0786	0.0116	0.1291	0.0526	0.1226	−0.0196	−0.0272	0.1205	0.0168