Brief Introduction
By MJ the Fellow ActuaryDescription
This is a theoretical course for the Actuarial Exams.
The course answers the following questions
What is a model and why do Actuaries make them?
What are the components of a model?
What are the limitations of models?
Deterministic vs Stochastic: Whats the difference?
What is the Time Horizon?
What is Stress Testing?
What is Scenario Analysis?
What is Sensitivity Testing?
How do we communicate a Model's results?
Actuarial Exams:
Almost all actuarial subjects involve models and so this subject is appropriate for them all.
Requirements
- Requirements
- Yes: Introduction to the Actuarial Exams
Michael Jordan
4.2 Raiting
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