Overview

This is a theoretical course for the Actuarial Exams.The course answers the following questionsWhat is a model and why do Actuaries make them?What are the components of a model?What are the limitations of models?Deterministic vs Stochastic: Whats the difference?What is the Time Horizon?What is Stress Testing?What is Scenario Analysis?What is Sensitivity Testing?How do we communicate a Model's results?Actuarial Exams:Almost all actuarial subjects involve models and so this subject is appropriate for them all.

Skills

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