Mathematical (Actuarial) Statistics:(Exam P/CT3/CS1)

By MJ the Fellow Actuary

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Description

Statistics is all about processing data and extracting information. The information we seek is the parameters and distribution of the random variable that generated the data. Armed with this information we can answer questions about reality and optimize industrial processes. Statistics thus forms the backbone of science and business and this course is designed to help you understand the components of this fundamental subject and how they all fit together. Designed for Actuaries, but applicable for everyone. This course contains the new sections for the CS1 exam.

Sections:

  1. Exploratory Data Analysis

  2. General Probability Theory

  3. Random Variables

  4. Probability Distributions

  5. Generating Functions

  6. Joint Distributions (Covariance)

  7. Conditional Expectations

  8. Central Limit Theorem

  9. Sampling and Statistical Inference

  10. Point Estimation

  11. Confidence Intervals

  12. Hypothesis Testing

  13. Linear Regression and Correlation

  14. Analysis of Variance

  15. Bayesian Statistics and Credibility Theory

  16. Student Questions

  17. Introduction to R Programming


What You Will Learn!

  • A solid understanding of statistics and a good foundation of models, correlation and hypothesis testing.

Who Should Attend!

  • University students and people trying to get into the Actuarial Profession.