Predictive modeling applications in actuarial science / Edward W. Frees, University of Wisconsin, Madison, Glenn Meyers, Richard A. Derrig, Opal Consulting LLC.

Contributor(s): Material type: TextTextSeries: International series on actuarial sciencePublication details: New York : Cambridge University Press, 2014.Description: xx, 543p. : ill. ; 26 cmISBN:
  • 9781107029873 (V. 1)
Subject(s): DDC classification:
  • 368/.01 23
LOC classification:
  • HG8781 .P922 2014
Other classification:
  • BUS061000
Online resources:
Incomplete contents:
volume 1. Predictive modeling techniques -- volume 2. Predictive modeling applications in actuarial science
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.Summary: "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.
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Open Shelf Books Open Shelf Books Al-Ghazali Library OS HG8781 .P922 2014 (Browse shelf(Opens below)) 1 Available GHAZ17017151

Includes bibliographical references and index.

volume 1. Predictive modeling techniques -- volume 2. Predictive modeling applications in actuarial science

"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.