2016-2017 Academic Catalog 
    
    Aug 22, 2019  
2016-2017 Academic Catalog [Archived Catalog]

ACSC 696 - Statistical Modeling III


Credits: Three (3)
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).