ASRM 461: Loss Models
Course Description
Foundation in the actuarial modeling process; construction, selection and validation of empirical models and parametric models. Also covers survival, severity, frequency and aggregate loss models; statistical methods to estimate model parameters. 4 undergraduate hours. 4 graduate hours. Credit is not given for ASRM 461 and ASRM 561. Prerequisite: ASRM 401/STAT 408, MATH 461 or STAT 400/MATH 463; credit or concurrent registration in ASRM 402/STAT 409 or STAT 410/MATH 464.