Predictive Modeling Applications in Actuarial Science: Volume 2, Case Studies in Insurance (Hardcover)

Predictive Modeling Applications in Actuarial Science: Volume 2, Case Studies in Insurance Cover Image
By Edward W. Frees (Editor), Glenn Meyers (Editor), Richard A. Derrig (Editor)
$118.74
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Description


Predictive modeling uses data to forecast future events. It exploits relationships between explanatory variables and the predicted variables from past occurrences to predict future outcomes. Forecasting financial events is a core skill that actuaries routinely apply in insurance and other risk-management applications. 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. Volume 2 examines applications of predictive modeling. 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, real-life contexts that demonstrate their value and the overall value of predictive modeling, for seasoned practicing analysts as well as those just starting out.


Product Details
ISBN: 9781107029880
ISBN-10: 1107029880
Publisher: Cambridge University Press
Publication Date: July 27th, 2016
Pages: 330
Language: English
Series: International Series on Actuarial Science