ACT - Actuarial Science
Fundamental probability tools for quantitatively assessing risk, with emphasis on application of these tools to problems encountered in actuarial science. Prerequisite:
STA 584.
Credits
3(3-0)
Prerequisites
STA 584
Corequisites
None.
Fundamental concepts of the mathematical theory of interest and applications in calculating present and accumulated values for various streams of cash flows. Prerequisite: MTH 133 or graduate standing.
Credits
3(3-0)
Prerequisites
MTH 133 or graduate standing
Corequisites
None.
Introduction to survival distributions and life tables, life annuities and life insurance, benefit premiums and benefit reserves. Prerequisites:
ACT 539, 540.
Credits
3(3-0)
Prerequisites
ACT 539, ACC 540
Corequisites
None.
Estimating survival curves, introduction to multiple state models including multiple life models and multiple decrement models, pension mathematics, and cash flow analysis for insurance products. Prerequisites:
ACT 541;
STA 585.
Credits
3(3-0)
Prerequisites
ACT 541; STA 585
Corequisites
None.
Introduction to the theoretical basis of certain actuarial models and the application of those models to financial risks. Prerequisites:
ACT 540;
STA 584; or graduate standing.
Credits
3(3-0)
Prerequisites
ACT 540; STA 584; or graduate standing
Corequisites
None.
Concepts, methodology and applications of statistical learning, generalized linear models, regression-based time series models, principal component analysis, decision tree models, and cluster analysis. Prerequisite: STA 589; STA 581 or 585; or graduate standing.
Credits
4(4-0)
Prerequisites
STA 589; STA 581 or STA 585; or Graduate Standing
Corequisites
None.