Overview
This unit aims to provide an introduction of several important mathematical and statistical techniques that are of particular relevance to actuarial work. It covers the topics of exploratory data analysis, linear regression, generalised linear models, Bayesian statistics, and credibility theory, with a focus on their use in actuarial and insurance … For more content click the Read More button below.
Offerings
S2-01-CLAYTON-ON-CAMPUS
Requisites
Prerequisite
Rules
Enrolment Rule
Contacts
Chief Examiner(s)
Professor Jackie Li
Learning outcomes
On successful completion of this unit, you should be able to:
1.
use appropriate statistical tools to perform exploratory data analysis
2.
use linear regression models for handling insurance and financial data
3.
use generalised linear models for modelling complex data
4.
apply Bayesian models and credibility theory to insurance problems.
Teaching approach
Problem-based learning
Assessment
1 - Within semester assessment
2 - Examination
Scheduled and non-scheduled teaching activities
Seminars
Tutorials
Workshops
Workload requirements
Workload
Learning resources
Technology resources
Other unit costs
Costs are indicative and subject to change.
Electronics, calculators and tools: $100