Resources for Subject CT4 Models. Suggested additional reading for Subject CT4. Some title links lead to book details on the IFoA Library catalogue. From here. Type: Book; Author(s): Institute and Faculty of Actuaries; Date: ; Publisher: Institute and Faculty of Actuaries; Pub place: [London?]. Subject CT4: models: core technical: core reading for the exams. Add to My Bookmarks Export citation. Subject CT4: models: core technical: core.
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These conditions remain in force after you have finished using the course. Describe the estimation of the empirical survival corre in the absence of censoring, and what problems are introduced by censoring. We typically send out full solutions with the Series X Assignments. It will also allow you to structure your revision so that you can concentrate on the important and difficult areas of the course.
To the right of each objective are the chapter numbers in which the objective is covered in the ActEd course. Describe the process of sensitivity testing of assumptions and explain why this forms an important part of the modelling process. Your scripts will be returned more quickly if you submit them well before the final deadline dates. Describe the reasons for graduating crude estimates of transition intensities or probabilities, and state the desirable properties of a set of graduated estimates.
In addition, we may seek to take disciplinary action through the Institute and Faculty of Actuaries or through your employer. Your revision programme should include plenty of question practice so that you are aware of the typical style, content and marking structure of exam questions.
In particular it will highlight how questions might have been analysed and interpreted so as to produce a good solution with a wide range of relevant points. X Assignment Marking We are happy to mark your attempts at the X assignments. Study Guide Page 7 Tutorials ActEd tutorials are specifically designed to develop the knowledge that you will acquire from the course material into the higher-level understanding that is needed to pass the exam. Flashcards are available in eBook format for viewing on a range of electronic devices.
Marking Vouchers Marking Vouchers give the holder the right to submit a script for marking at any time, irrespective of the individual assignment deadlines, study session, subject or person. Explain what is meant by the Markov property in the context of a stochastic process and in terms of filtrations. The following table shows how the parts, the chapters and the syllabus items relate to each other.
Subject CT4: Models Core Technical : Core Reading for the Examinations – Google Books
There are two opportunities c4 year to sit this exam: Read the Chapter Summary again carefully. We recommend that you use the Syllabus as an important part of your study. Admin Administrateur Offline Joined: Read the Syllabus Objectives.
Revision Tutorials Revision Tutorials are intensive one-day face-to-face tutorials or Live Online tutorials in the final run-up to the exam. Attempt the questions in the notes as you work through the course. It is a reference document to which you can refer when you need help on a particular topic.
Sun 11 Mar – Attempt other questions and assignments on a similar basis, ie write down your answer before looking at the solution provided. This will be valuable in approaching questions in subsequent examinations. Chapter 9 Derive maximum likelihood estimators for the transition intensities in models of transfers between states with piecewise constant transition intensities.
Specify the data needed for the exact calculation of a central exposed to risk waiting time depending on age and sex. What knowledge of earlier subjects should I have? Core Reading is shown in this bold font. Each flashcard has questions on one side and the answers on the reverse.
The easiest way to solve such problems is often through discussion with friends, colleagues and peers — they will probably have had similar experiences whilst studying. Study Guide Page 11 If you have many queries on the course material, you should raise them at a tutorial or book a personal tuition session with an ActEd tutor. State the Poisson approximation to the estimator in 3.
It is based on Mock Exam A from last year but it has been updated to reflect any changes to the Syllabus and Core Reading. You can watch a sample of the Online Classroom tutorial units on the ActEd website at www.
Study sessions Only do activities that will increase your chance of passing. Describe how to estimate transition intensities depending on age, exactly or using the census approximation. This might be between 8am and 10am or could be in the evening.
The exams themselves have many calculation and manipulation questions. We recommend that you use the cards actively and test yourself as you go. As a high level of mathematics is required in the courses it is important that your mathematical skills are extremely good.
Describe the following statistical tests of crude estimates, for comparison with a standard table: Describe the Kaplan-Meier or product limit estimator of the survival function in the presence of censoring, compute it from typical data and estimate its variance.
However, there may be some symbols eg the gamma function that are not usually included on A-level syllabuses. Marking is not included with deading Assignments or the CMP and you need to order it separately.
In this case, we recommend that you purchase a replacement CMP printed copy or eBook or Course Notes at a significantly reduced price.
Actuarial CT Subjects ActEd (IFoA)
At the busiest teaching times of year, it may take us more than a week to get back to you. Describe sickness and marriage models in terms of duration dependent Readint processes and describe other simple applications. The main aim is to introduce some of the applications of statistics in the insurance industry.
State the Chapman-Kolmogorov equations that represent a Markov chain. Senate Steering Committee From: Chapters 4 and 5 3.