Predictive Modeling Applications in Actuarial Science: Volume 2, Case Studies in Insurance Frees Edward W. University of Wisconsin Madison
Predictive Modeling Applications in Actuarial Science: Volume 2, Case Studies in Insurance Frees Edward W. University of Wisconsin Madison Predictive modeling uses data to forecast future events.…
Specifikacia Predictive Modeling Applications in Actuarial Science: Volume 2, Case Studies in Insurance Frees Edward W. University of Wisconsin Madison
Predictive Modeling Applications in Actuarial Science: Volume 2, Case Studies in Insurance Frees Edward W. University of Wisconsin Madison
Predictive modeling uses data to forecast future events. Forecasting financial events is a core skill that actuaries routinely apply in insurance and other risk-management applications. It exploits relationships between explanatory variables and the predicted variables from past occurrences to predict future outcomes.
Volume 2 examines applications of predictive modeling. 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. 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,