ACSI 6020 - Construction and Evaluation of Actuarial Models
3credit hoursPrerequisite: STAT 5140 or permission of instructor. Introduces modeling and covers important actuarial methods useful in modeling. Assumes a thorough knowledge of calculus, probability, and mathematical statistics. Serves as a preparatory course for the Society of Actuaries/Casualty Actuarial Society Course-C/Exam 4. Topics include construction of empirical models, construction and selection of parameter models, credibility, interpolation and smoothing, and simulation.