May I have a word?

I’m having a brain fart.

What’s the word for when you weight two values - one BOY, one EOY - to come up with the final value?

So, if issue date was March 31 & Valuation date is December 31, then VALUE = 3/12 * BOY + 9/12 * EOY.

Amortize keeps popping into my head but that’s not it. I think there’s an “a” in it, though.

“Weighted Average”?

You average values, but weight them based on something.

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Linearly interpolate?

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mid-terminal?

though not how I would calculate it

Interpolate!

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Interpolate…interpolate was the word.

See? I told you it had an “a” in it.

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There are never questions like this on Jeopardy! …

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I lost on Jeopardy!

baby

oooohh ooh-ooh ooh

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I’m a lazy actuary, so I keep this workbook on my desktop:

image

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