FUZZY REGRESSION IN FORECASTING AND MANAGEMENT OF SME INSURANCE BUSINESS

摘要

Insurance is an important activity of modem economies, and so are small and medium insurance companies. As inferred from developmental phases of economics as an axiomatic social science possibly, it has evolved into science that employs systems analysis and works with sophisticated mathematical tools. The gap between economic reality and predictions derived from sophisticated theories persists as intentions of using precise mathematical tools rises. The basic reason of uncertainty in economics is the impact of human decisions in creating and managing economic processes. People use imprecise predictions in the decision making process, hence more than just classical two-valued logic and classical theory of additive measures are needed. A possible solution satisfying these needs are decision support tools employing fuzzy-regression methodology.