302399 (v.2) Actuarial Statistics 301
Area: | Department of Mathematics and Statistics |
Contact Hours: | 4.0 |
Credits: | 25.0 |
Lecture: | 3 x 1 Hours Weekly |
Tutorial: | 1 x 1 Hours Weekly |
Application of stochastic models in actuarial work. Markov chains and application to experience rating. Markov process models with application to survival, sickness and marriage models. Simple time series modeling including random walk and auto-regressive models and their application to investment variables. Simple simulation models. |