 |
|
 |
|
| |
|
| |
|
Contact: Jang,Jiwook
| |
|
Campus: Kensington Campus
| |
|
Career: Postgraduate
| |
|
Units of Credit: 6
| |
|
Contact Hours per Week: 3
| |
|
Offered: Semester 1 2005
| |
|
Fee Band: 2
| |
 |
|
 |
Description
This course covers the estimation and application of survival models in actuarial modelling. Topics include: actuarial notation and applications of survival models; state Markov models; binomial and Poison models for mortality; maximum likelihood estimation; construction of multiple decrement tables; models with transition intensities depending on age and duration; the census approximation and formulae; statistical comparison of crude rates with standard actuarial tables; graduation of estimates and tests of fidelity and smoothness, analysis of mortality/morbidity and the main forms of selection; models for projection of populations. The analysis of data using a numerical computer package such as Matlab will form part of the course assessment.
|