2017-2018 Academic Catalog 
    
    Apr 24, 2024  
2017-2018 Academic Catalog [Archived Catalog]

ACSC 406 - Statistical Modeling II


Credits: Three (3)
Prerequisite: MATH/ACSC-405
ACSC 406 and ACSC 407 cover the material on Examination C (Construction of Actuarial Models) of the Society of Actuaries.  Topics include constructing empirical models; estimating the parameters of failure time and loss distribution using different methods such as maximum likelihood method of moments, Kaplan-Meier estimator, Nelson- Aalen estimator and kernel density estimators; determining the acceptability of a fitted model; comparing models using graphical procedures, Kolmogorov-Smirnov test, Chi-square goodness of fit test, likelihood ratio test, Schwarz Bayesian criterion, and Akaike Information criterion.
Cross-listed: MATH-406