Predictive Modeling Applications in Actuarial Science: Volume 2, Case Studies in

Description: Predictive Modeling Applications in Actuarial Science: Volume 2, Case Studies in Insurance by Edward W. Frees, Glenn Meyers, Richard A. Derrig Estimated delivery 3-12 business days Format Hardcover Condition Brand New Description Predictive modeling involves the use of data to forecast future events. Building on the foundations developed in the first volume, Volume 2 examines applications of predictive modeling, focusing on property and casualty insurance, exposing readers to a variety of techniques in real-life contexts that demonstrate the value of predictive modeling. Publisher Description Predictive modeling uses data to forecast future events. It exploits relationships between explanatory variables and the predicted variables from past occurrences to predict future outcomes. Forecasting financial events is a core skill that actuaries routinely apply in insurance and other risk-management applications. Predictive Modeling Applications in Actuarial Science emphasizes life-long learning by developing tools in an insurance context, providing the relevant actuarial applications, and introducing advanced statistical techniques that can be used to gain a competitive advantage in situations with complex data. Volume 2 examines applications of predictive modeling. Where Volume 1 developed the foundations of predictive modeling, Volume 2 explores practical uses for techniques, focusing on property and casualty insurance. Readers are exposed to a variety of techniques in concrete, real-life contexts that demonstrate their value and the overall value of predictive modeling, for seasoned practicing analysts as well as those just starting out. Author Biography Edward W. (Jed) Frees is the Hickman-Larson Chair of Actuarial Science at the University of Wisconsin, Madison. He received his PhD in Mathematical Statistics in 1983 from the University of North Carolina, Chapel Hill and is a Fellow of both the Society of Actuaries (SoA) and the American Statistical Association (the only Fellow of both organizations). Regarding his research, Professor Frees has won several awards for the quality of his work, including the Halmstad Prize for best paper published in the actuarial literature (four times). Glenn Meyers, FCAS, MAAA, CERA, and PhD, retired from ISO at the end of 2011 after a 37 year career as an actuary. He holds a BS in Mathematics and Physics from Alma College, Michigan, an MA in Mathematics from Oakland University, Michigan, and a PhD in Mathematics from the State University of New York, Albany. A frequent speaker at Casualty Actuarial Society (CAS) meetings, he has served and continues to serve the CAS and the International Actuarial Association on various research and education committees. He has also served on the CAS Board of Directors. He has several published articles in the Proceedings of the Casualty Actuarial Society, Variance and the Actuarial Review. His research contributions have been recognized by the CAS through his being a three-time winner of the Woodward–Fondiller Prize, a two-time winner of the Dorweiler Prize, the DFA Prize, the Reserves Prize, the Matthew Rodermund Service Award and the Michelbacher Significant Achievement Award. In retirement he still spends some of his time on his continuing passion for actuarial research. Richard A. Derrig is founder and principal of OPAL Consulting LLC., a firm that provides research and regulatory support to property casualty insurance clients. Primary areas of expertise include financial pricing models, database and data mining design, fraud detection planning and implementation, and expert testimony for regulation and litigation purposes. Details ISBN 1107029880 ISBN-13 9781107029880 Title Predictive Modeling Applications in Actuarial Science: Volume 2, Case Studies in Insurance Author Edward W. Frees, Glenn Meyers, Richard A. Derrig Format Hardcover Year 2016 Pages 330 Publisher Cambridge University Press GE_Item_ID:98973757; About Us Grand Eagle Retail is the ideal place for all your shopping needs! With fast shipping, low prices, friendly service and over 1,000,000 in stock items - you're bound to find what you want, at a price you'll love! Shipping & Delivery Times Shipping is FREE to any address in USA. Please view eBay estimated delivery times at the top of the listing. Deliveries are made by either USPS or Courier. We are unable to deliver faster than stated. International deliveries will take 1-6 weeks. NOTE: We are unable to offer combined shipping for multiple items purchased. This is because our items are shipped from different locations. 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