Actuarial Statistics
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Author | : Dale S. Borowiak |
Publisher | : CRC Press |
Total Pages | : 392 |
Release | : 2013-11-12 |
Genre | : Business & Economics |
ISBN | : 0203911245 |
Understand Up-to-Date Statistical Techniques for Financial and Actuarial ApplicationsSince the first edition was published, statistical techniques, such as reliability measurement, simulation, regression, and Markov chain modeling, have become more prominent in the financial and actuarial industries. Consequently, practitioners and students must ac
Author | : Natalia A. Humphreys |
Publisher | : Cognella Academic Publishing |
Total Pages | : |
Release | : 2021-04-07 |
Genre | : |
ISBN | : 9781793552792 |
Probability and Statistics for Actuaries provides students with a structured and detailed explanation of the probabilistic and statistical aspects of actuarial science to help them formalize and deepen their knowledge in these areas. The text is divided into two distinct parts with the first focusing on probability and the second focusing on statistics. Part I begins with a strategic review of probabilistic models and techniques. Additional chapters cover conditional probability, variance, and expectation with distinct emphasis of the Bayesian approach. Students learn about the Bayesian framework for credibility and the relationship between Bühlmann approximation and empirical Bayes. Part II begins with a review of statistical models and techniques and then proceeds with a robust chapter that discusses parametric statistical inference. The text includes two helpful appendices: a one-sample K-S table and a one-sample A-D table. Designed to help students expand their knowledge, Probability and Statistics for Actuaries is an exceptional resource for courses within the actuarial sciences. It is also ideal for individuals preparing to take professional exams given by the Society of Actuaries and Casualty Actuarial Society.
Author | : Philip J. Boland |
Publisher | : CRC Press |
Total Pages | : 368 |
Release | : 2007-03-05 |
Genre | : Business & Economics |
ISBN | : 158488696X |
Statistical and Probabilistic Methods in Actuarial Science covers many of the diverse methods in applied probability and statistics for students aspiring to careers in insurance, actuarial science, and finance. The book builds on students' existing knowledge of probability and statistics by establishing a solid and thorough understanding of
Author | : Hansjörg Albrecher |
Publisher | : John Wiley & Sons |
Total Pages | : 366 |
Release | : 2017-11-06 |
Genre | : Mathematics |
ISBN | : 0470772689 |
Reinsurance: Actuarial and Statistical Aspects provides a survey of both the academic literature in the field as well as challenges appearing in reinsurance practice and puts the two in perspective. The book is written for researchers with an interest in reinsurance problems, for graduate students with a basic knowledge of probability and statistics as well as for reinsurance practitioners. The focus of the book is on modelling together with the statistical challenges that go along with it. The discussed statistical approaches are illustrated alongside six case studies of insurance loss data sets, ranging from MTPL over fire to storm and flood loss data. Some of the presented material also contains new results that have not yet been published in the research literature. An extensive bibliography provides readers with links for further study.
Author | : Dale S. Borowiak |
Publisher | : CRC Press |
Total Pages | : 357 |
Release | : 2003-04-01 |
Genre | : Mathematics |
ISBN | : 0824748611 |
Based on a loss function approach, this comprehensive reference reviews the most recent advances in financial and actuarial modeling, providing a strong statistical background for advanced methods in pension plan structuring, risk estimation, and modeling of investment and options pricing. An authoritative tool supplying every conceptual model and
Author | : Shailaja R. Deshmukh |
Publisher | : |
Total Pages | : 0 |
Release | : 2009 |
Genre | : Actuarial science |
ISBN | : 9788173716904 |
Author | : Stuart A. Klugman |
Publisher | : Springer Science & Business Media |
Total Pages | : 242 |
Release | : 2013-04-17 |
Genre | : Business & Economics |
ISBN | : 9401708452 |
The debate between the proponents of "classical" and "Bayesian" statistica} methods continues unabated. It is not the purpose of the text to resolve those issues but rather to demonstrate that within the realm of actuarial science there are a number of problems that are particularly suited for Bayesian analysis. This has been apparent to actuaries for a long time, but the lack of adequate computing power and appropriate algorithms had led to the use of various approximations. The two greatest advantages to the actuary of the Bayesian approach are that the method is independent of the model and that interval estimates are as easy to obtain as point estimates. The former attribute means that once one learns how to analyze one problem, the solution to similar, but more complex, problems will be no more difficult. The second one takes on added significance as the actuary of today is expected to provide evidence concerning the quality of any estimates. While the examples are all actuarial in nature, the methods discussed are applicable to any structured estimation problem. In particular, statisticians will recognize that the basic credibility problem has the same setting as the random effects model from analysis of variance.
Author | : Dr. V. Karpagavalli |
Publisher | : OrangeBooks Publication |
Total Pages | : 112 |
Release | : 2024-09-22 |
Genre | : Business & Economics |
ISBN | : |
Actuarial statistics book is essential for B.Com(CA) students, offering critical insights into managing financial risks and uncertainties. These texts cover key topics such as simple & compound interest , Present value and accumulated value, probability distribution in general insurance, Mortality table, Vital statistics, Insurance, Annuity plan, statistical analysis, and financial mathematics, providing tools for evaluating and predicting financial outcomes. Actuarial statistics helps student to develop strong analytical skills, crucial for careers in finance, insurance, and risk management, ensuring informed decision-making and effective financial planning.
Author | : Edward W. Frees |
Publisher | : Cambridge University Press |
Total Pages | : 585 |
Release | : 2010 |
Genre | : Business & Economics |
ISBN | : 0521760119 |
This book teaches multiple regression and time series and how to use these to analyze real data in risk management and finance.
Author | : Christian Kleiber |
Publisher | : John Wiley & Sons |
Total Pages | : 354 |
Release | : 2003-10-24 |
Genre | : Mathematics |
ISBN | : 0471457167 |
A comprehensive account of economic size distributions around the world and throughout the years In the course of the past 100 years, economists and applied statisticians have developed a remarkably diverse variety of income distribution models, yet no single resource convincingly accounts for all of these models, analyzing their strengths and weaknesses, similarities and differences. Statistical Size Distributions in Economics and Actuarial Sciences is the first collection to systematically investigate a wide variety of parametric models that deal with income, wealth, and related notions. Christian Kleiber and Samuel Kotz survey, compliment, compare, and unify all of the disparate models of income distribution, highlighting at times a lack of coordination between them that can result in unnecessary duplication. Considering models from eight languages and all continents, the authors discuss the social and economic implications of each as well as distributions of size of loss in actuarial applications. Specific models covered include: Pareto distributions Lognormal distributions Gamma-type size distributions Beta-type size distributions Miscellaneous size distributions Three appendices provide brief biographies of some of the leading players along with the basic properties of each of the distributions. Actuaries, economists, market researchers, social scientists, and physicists interested in econophysics will find Statistical Size Distributions in Economics and Actuarial Sciences to be a truly one-of-a-kind addition to the professional literature.