Natural conjugate credibility identity

ID: natural-conjugate-credibility-identity

For a positive-support exponential family , normalization gives . The natural conjugate prior proportional to has logarithmic derivative . If its endpoint density values vanish, integration gives prior expected value . Observations update to and to . The endpoint control for a Laplace-family conjugate posterior justifies the same mean identity after updating, giving an exact credibility estimate with credibility factor .

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