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Nov 21, 2024
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2014-2015 Academic Catalog [Archived Catalog]
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ACSC 696 - STATISTICAL MODELING III
Credits: Three
Prerequisite: ACSC 506, Minimum grade C
This course extends the student’s knowledge of Construction and
Evaluation of Actuarial Models. The topics cover important
actuarial methods that are useful in modeling, the steps involved
in business problems, analyze data from an application in a
business context, determine a suitable model including parameter
values, provide measures of confidence for decisions based upon the
calibration and evaluation of the models on actuarial mathematics.
After taking the course, the students are expected to know how and
why modeling methods are used, their advantages and their
limitations. The students will be expected to understand what
important results can be obtained from these modeling methods for
making business decisions.
Note: After taking this course, students are expected to take Actuarial Science Professional Exam C (formerly exam 4).
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