Actuarial statistics 322

Module code WST 322
Qualification Undergraduate
Faculty Faculty of Economic and Management Sciences
Module content

Decision theory. Loss distributions. Reinsurance. Risk models. Ruin theory. Credibility theory. Methods to forecast future claim numbers and amounts. The generalised linear model: Exponential family, mean and variance, link functions, deviance and residual analysis, test statistics, log-linear and logit models. Practical statistical modelling and analysis using statistical computer packages.

Module credits 18.00
Service modules Faculty of Economic and Management Sciences
Faculty of Natural and Agricultural Sciences
Prerequisites WST 211, WST 221, WTW 211 GS and WTW 218 GS
Contact time 1 practical per week, 2 lectures per week
Language of tuition Double Medium
Academic organisation Statistics
Period of presentation Semester 2

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