2022-2023 Academic Catalog 
    Jul 20, 2024  
2022-2023 Academic Catalog [Archived Catalog]

ACSC 696 - Statistical Modeling III

Credits: 3
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, and 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.

This course is designed for actuarial science students who have passed the Society of Actuaries exams P and FM to study for the Society of Actuaries exam IFM.