If a simple linear model for a probability predicts values outside the [0,1] interval, what is the standard corrective approach?

Study for the MAS-1 exam of the Casualty Actuarial Society. Utilize flashcards and multiple choice questions with detailed hints and explanations for each query. Prepare thoroughly for your exam!

Multiple Choice

If a simple linear model for a probability predicts values outside the [0,1] interval, what is the standard corrective approach?

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