ACTL2102 Foundations Of Actuarial Models Notes | Assignment Help | Syllabus
University: University Of New South Wales
This course covers the stochastic models that actuaries employ to model liabilities and assets, as well as how they are utilized in actuarial practice. The main features of a Markov chain and their applications to experience rating are covered, as well as Markov process models and their applications to insurance, survival, sickness, and marriage models; simple time series models, such as random walk and auto-regressive models, and their application to investment variables. Students will be required to use R software in a numerical computer package to build models.
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