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Loss Models: From Data to Decisions - Solution Manual

Loss Models: From Data to Decisions - Solution Manual - 3rd edition

ISBN13: 978-0470385715

Cover of Loss Models: From Data to Decisions - Solution Manual 3RD 08 (ISBN 978-0470385715)
ISBN13: 978-0470385715
ISBN10: 0470385715 Edition: 3RD 08
Copyright: 2008
Publisher: John Wiley & Sons, Inc.
Published: 2008
International: No

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Loss Models: From Data to Decisions - Solution Manual - 3RD 08 edition

ISBN13: 978-0470385715

Stuart A. Klugman

ISBN13: 978-0470385715
ISBN10: 0470385715 Edition: 3RD 08
Copyright: 2008
Publisher: John Wiley & Sons, Inc.
Published: 2008
International: No
Summary

This new edition has been thoroughly revised and updated to include new material related to Exam C (old Exam 4) of the Society of Actuaries' accreditation program. Terms are defined when they are first introduced, and a solid background in mathematical sciences (including calculus) is recommended. Companion software, datasets, and over 400 sample test exercises, with worked-out solutions, are available in various online products. The content of the book is organized around the principle that actuaries build models in order to analyze risks. It begins with a framework for model building and a description of frequency and severity loss data and moves forward with a thorough emphasis onparamtric models throughout the book. Frequency, severity, and risk models are extensively developed through aggregate loss models, in credibility-based pricing models, and in loss analysis over multiple time periods. This book is a must-have for all aspiring and practicing actuaries.

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