STAT
595
Theory of Risk
Hours
3.0 Credit, ARR Lecture, 0 Lab
Exam C
The primary learning outcome of this course is to prepare students for part of Exam C offered by the Society of Actuaries.
Survival/Severity/Frequency/Aggregate Models
Recognize, understand, and complete problems related to Survival, Severity, Frequency and Aggregate models. Learn how to model data for each of these.
Risk
Recognize, understand, and complete problems related to basic risk measures.
Empirical Models
Recognize, understand, and complete problems related to fitting empirical models to data and applying statistical estimation procedures.
Estimation
Recognize, understand, and complete problems related to constructing parametric models: estimate parameters, apply unbiasedness, consistency, UMVUE, and MSE to survival, severity, frequency, and aggregate models.
Simulation and Resampling
Recognize, understand, and complete problems related to learning simulation and resampling methods for model validation.