Topics include exact and census methods for estimating transition intensities based on age; goodness of fit and smoothness of graduated estimates versus crude estimates; actuarial modelling; general principles of stochastic processes; Markov chains in actuarial work. -- Course Website
Prerequisites: Both of: Subject Study Period Commencement: Credit Points: ACTL20002 Financial Mathematics II Semester 2 12.50 MAST20005 Statistics Semester 2 12.50