Student Solutions Manual to Accompany Loss Models: From Data to Decisions, 5th Edition (Wiley Series in Probability and Statistics) - Softcover

Klugman, Stuart A.; Panjer, Harry H.; Willmot, Gordon E.

Softcover

ISBN 10: 111953805X ISBN 13: 9781119538059

Publisher: Wiley, 2018

Synopsis

Loss Models: From Data to Decisions, Fifth Edition continues to supply actuaries with a practical approach to the key concepts and techniques needed on the job. With updated material and extensive examples, the book successfully provides the essential methods for using available data to construct models for the frequency and severity of future adverse outcomes.

The book continues to equip readers with the tools needed for the construction and analysis of mathematical models that describe the process by which funds flow into and out of an insurance system. Focusing on the loss process, the authors explore key quantitative techniques including random variables, basic distributional quantities, and the recursive method, and discuss techniques for classifying and creating distributions. Parametric, non-parametric, and Bayesian estimation methods are thoroughly covered along with advice for choosing an appropriate model. Throughout the book, numerous examples showcase the real-world applications of the presented concepts, with an emphasis on calculations and spreadsheet implementation.

Loss Models: From Data to Decisions, Fifth Edition is an indispensable resource for students and aspiring actuaries who are preparing to take the SOA and CAS examinations. The book is also a valuable reference for professional actuaries, actuarial students, and anyone who works with loss and risk models.

Edition details

• Publisher: Wiley
• Publication date: 2018
• Language: English
• ISBN 10: 111953805X
• ISBN 13: 9781119538059
• Binding: Paperback
• Edition number: 5
• Number of pages: 238