Application of stochastic models in actuarial work, Markov chains and their application to experience rating, Markov process models with application to survival, sickness and marriage models, simple time series modelling including random walk and auto-regressive models and their application to investment variables, and simple simulation models. -- Course Website
Prerequisites: 309807 (v.1)<br/> Mathematical Statistics 503<br/> <br/> or any previous version<br/> <br/> <br/><br/> <br/> AND<br/><br/> <br/> 309812 (v.1)<br/> Theory of Interest 502<br/> <br/> or any previous version
