ACTS 410/810: Introduction to Credibility, Smoothing of Data, and Simulation

Prereqs: STAT 463.
Full, partial, Buhlmann, and Buhlmann-Straub credibility models. Introduction to empirical Bayes and statistical distributions used to model loss experience. Application of "polynomial splines" to actuarial data. Simulation of "discrete" and "continuous random" variables in context of actuarial models. Simulation to "p-value" of hypothesis test. "Bootstrap method" of estimating the "mean squared error" of an estimator.
This course is a prerequisite for: ACTS 404
Credit Hours: 3
Course Format: Lecture
Course Delivery: Classroom