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Predictive Modeling Applications in Actuarial Science: Volume 1, Predictive Modeling Techniques (Hardcover)
Loot Price: R2,015
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Predictive Modeling Applications in Actuarial Science: Volume 1, Predictive Modeling Techniques (Hardcover)
Series: International Series on Actuarial Science
Expected to ship within 12 - 17 working days
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Total price: R2,035
Discovery Miles: 20 350
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Predictive modeling involves the use of data to forecast future
events. It relies on capturing relationships between explanatory
variables and the predicted variables from past occurrences and
exploiting this to predict future outcomes. Forecasting future
financial events is a core actuarial skill actuaries routinely
apply predictive-modeling techniques in insurance and other
risk-management applications. This book is for actuaries and other
financial analysts who are developing their expertise in statistics
and wish to become familiar with concrete examples of predictive
modeling. The book also addresses the needs of more seasoned
practicing analysts who would like an overview of advanced
statistical topics that are particularly relevant in actuarial
practice. 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 by
analysts to gain a competitive advantage in situations with complex
data."
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