Jun 18, 2018  
2016-2017 Academic Catalog 
    
2016-2017 Academic Catalog [Archived Catalog]

ACSC 506 - Statistical Modeling II


Credits: Three (3)
Prerequisite: ACSC-505
This course covers the materials on the professional actuarial exam C (it was exam 4). Topic includes Construction of Empirical Models, Estimate failure time and loss distributions using Kaplan-Meier estimator, including approximations for large data sets, Nelson-Aalen estimator. Kernel density estimators, Estimate the variance of estimators and confidence intervals for failure time and loss distributions, Estimate failure time and loss distributions with the Cox proportional hazards model and other basic models with covariates. The course will also cover the topics, Unbiasedness, Consistency, Mean squared error, Estimate the parameters of failure time and loss distributions using, Maximum likelihood, Method of moments, Percentile matching, Bayesian procedures, Estimate the parameters of failure time and loss distributions with censored and/or truncated data. A presentation of one project is required for the course.
Note: This course covers a part of Actuarial Exam C.