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Statistical Modelling in Finance and Insurance - ACST602
This unit covers linear statistical modelling in insurance and finance. Topics include: simple and multiple linear regression; ANOVA models; analysis of residuals, regression diagnostics and influential observations; theory of estimation; method of moments and maximum likelihood; properties of estimators; sampling distributions and properties of sample statistics; the t, F and X2 distributions; confidence intervals and hypothesis testing in a regression context; type I and II errors; power; chi squared tests; criteria for choosing models; goodness of fit tests, tests of association and homogeneity; and applications of linear modelling to problems in insurance and finance.
| Credit Points: | 4 |
| When Offered: | S2 Day - Session 2, North Ryde, Day |
| Staff Contact(s): | Actuarial staff |
| Prerequisites: | |
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| NCCW(s): | |
| Unit Designation(s): | |
| Assessed As: | Graded |
| Offered By: | Department of Applied Finance and Actuarial Studies Faculty of Business and Economics |
Timetable Information
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