Based on the two years practice of the Statistical Method for Direct Fire Property Loss, the authors of the paper give comments on some unpractical clauses in the new statistical standard.

Data mining seeks to extract patterns from large sets of data using, among other things, statistical methods, artificial intelligence, and standard database management techniques.

The standard statistical approach to risk management is based on a “bell curve” or normal distribution, in which most results are in the middle and extremes are rare.