Apr 30, 2024  
2017-2018 University Catalog 
    
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2017-2018 University Catalog [ARCHIVED CATALOG]

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STAT 47900 - Loss Models

Credit Hours: 3.00. This material provides an introduction to modeling and covers important actuarial methods that are useful in modeling. Students will be introduced to survival, severity, frequency and aggregate models, and use statistical methods to estimate parameters of such models given sample data. The student will further learn to identify steps in the modeling process, understand the underlying assumptions implicit in each family of models, recognize which assumptions are applicable in a given business application, and appropriately adjust the models for impact of insurance coverage modifications. The student will be introduced to a variety of tools for the calibration and evaluation of the models. Permission of instructor required. Typically offered Spring.


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