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Predictive Modeling Applications in Actuarial Science: Volume 2, Case Studies in Insurance (Hardcover)
Loot Price: R2,929
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Predictive Modeling Applications in Actuarial Science: Volume 2, Case Studies in Insurance (Hardcover)
Series: International Series on Actuarial Science
Expected to ship within 10 - 15 working days
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Predictive modeling uses data to forecast future events. It
exploits relationships between explanatory variables and the
predicted variables from past occurrences to predict future
outcomes. Forecasting financial events is a core skill that
actuaries routinely apply in insurance and other risk-management
applications. Predictive Modeling Applications in Actuarial Science
emphasizes life-long learning by developing tools in an insurance
context, providing the relevant actuarial applications, and
introducing advanced statistical techniques that can be used to
gain a competitive advantage in situations with complex data.
Volume 2 examines applications of predictive modeling. Where Volume
1 developed the foundations of predictive modeling, Volume 2
explores practical uses for techniques, focusing on property and
casualty insurance. Readers are exposed to a variety of techniques
in concrete, real-life contexts that demonstrate their value and
the overall value of predictive modeling, for seasoned practicing
analysts as well as those just starting out.
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