STAT 481 - Loss Models

Topics include severity, frequency, aggregate models and their modifications, risk measures, and construction of empirical models. This course can help prepare students for the professional examination on Construction and Evaluation of Actuarial Models (Exam C) given by the Casualty Actuarial Society and the Society of Actuaries.

Prerequisites: STAT 570 - Mathematical Probability and Statistics I and STAT 571 - Mathematical Probability and Statistics II with a “C” or better.
Credits: 3
NOTE:
* This course counts toward the 63-hour Liberal Arts and Sciences (LAS) graduation requirement.