300-313 Actuarial Modelling II

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300-313 Actuarial Modelling II
Note	Students may not gain credit for both 300-313 Actuarial Modelling II and 300-330 Survival Models: Theory and Applications.
Credit Points	12.5
Coordinator	D Pitt
Prerequisites	300-204 Financial Mathematics II and 620-202 Statistics.
Semester	1 (view timetable)
Contact	Three hours of lectures and/or tutorials per week
Subject Description	Topics include exact and census methods for estimating transition intensities based on age; goodness of fit and smoothness of graduated estimates versus crude estimates; actuarial modelling; general principles of stochastic processes; Markov chains in actuarial work.
Generic Skills	High level of development: written communication; problem solving; statistical reasoning; application of theory to practice; synthesis of data and other information.
Assessment	A 2-hour end of semester examination (80%) and up to three assignments totalling not more than 20 pages (20%).

Search : Index : Faculty of Economics and Commerce : Actuarial Studies
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