LOSS MODELS II

Undergraduate

This course provides an integrated treatment of survival analysis and credibility theory, with applications in actuarial science, insurance, and financial risk management. Topics include tabular and parametric survival models; estimation from complete and incomplete data; nonparametric and semiparametric methods such as the Kaplan–Meier and Nelson–Aalen estimators; maximum likelihood estimation; and model selection. PREREQUISITE: AMS 4540 Three lecture hours per week plus a one-hour lab per week