Predictive modeling applications in actuarial science / edited by Edward W. Frees, University of Wisconsin, Madison, Richard A. Derrig, Opal Consulting LLC, Providence, Rhode Island, Glenn Meyers, ISO Innovative Analytics, Jersey City, New Jersey.

Format:

Book

Contributor:

Frees, Edward W.

Derrig, Richard A.

Meyers, Glenn.

Series:

International series on actuarial science

Language:

English

Subjects (All):

Actuarial science.

Insurance--Mathematical models.

Insurance.

Forecasting--Mathematical models.

Forecasting.

Physical Description:

volumes ; 26 cm.

Place of Publication:

New York : Cambridge University Press, 2014-

Summary:

"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"-- Provided by publisher.

"The International Series on Actuarial Science, published by Cambridge University Press in con-junction with the Institute and Faculty of Actuaries, contains textbooks for students taking courses in or related to actuarial science, as well as more advanced works designed for continuing pro-fessional development or for describing and synthesizing research. The series is a vehicle for publishing books that reflect changes and developments in the curriculum, that encourage the introduction of courses on actuarial science in universities, and that show how actuarial science can be used in all areas where there is long-term financial risk"-- Provided by publisher.

Contents:

Volume 1 Predictive modeling techniques.

Notes:

Includes bibliographical references and index.

volume 1. Predictive modeling techniques

ISBN:

9781107029873

1107029872

OCLC:

873724352

Online:

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